Actually I am, and coincidentally I have been joking with the same idea for several years.
In the last 2 years the idea became more tempting I investigated which kind of villages were in Spain and what kind of work was needed to make this work.
As you might expect as prices goes down utilities, accessibility and general connection to the world decreases. But it is also true that even if not with those outrageously low prices there are several villages with just a few thousand inhabitants, all the utilities you might need, low prices and just at 20 minutes from well connected airports and the capital.
From this September we are moving to one of those in the Southern coast of Spain and try to implement a really simple model in which part of the community bring in economic resources and the rest brings in quality of life, all in an environmentally friendly and socially responsible way.
The ones bringing in the economic resources at the beginning would be mostly developers like myself or designers. The reason for that is they can move and work remotely quite easily and they are quite frequently looking for some more colleagues to work with in their projects or Startups (again, like myself).
The quality of life is something abstract depending on the members of the community, it could be anything from organizing bootcamps or accelerators to yoga, paragliding or having a good chef cooking for everyone.
We haven't yet started to make all the work to promote this but if anyone is interested or would like to participate I'm here to answer any questions.
I've just updated my about data with some social networks links. Once we begin with the social media campaign I will be posting there too.