Yes, glenwood springs itself is more OK than fine, but the paths out of town are pretty awesome. Plus the regional buses which go to Aspen and Rifle will carry bikes, though for an extra charge.
Oh yeah that path outside of town is famous! I wonder if you can take your bike up the lifts in the summer and then ride down? I took some guys in my cab up to lookout in Boulder and they got booed getting them out of the car lol!