Elephant and Castle: centre of the musical buzz?

This article in the Guardian makes the case that Elephant and Castle – which they generously describe as “(permanently) up and coming” – has a strong up-and-coming arts and music scene.

I don’t get down to that part of the city much, though I have been to the Coronet a few times over the years (to see M.I.A., and a very early appearance by Franz Ferdinand). Anyone else agree that there’s an exciting undercurrent in E&C? Maybe I’ll go sniffing ’round.