From a bedford riders opinion, NO!  
 
There is a limited amount of street in mk and NO natural to be found in the surronding areas. 
Its not really that great, however they have recently built a skate park in the bus station (but its a pretty weak attempt at a park) 
 
Bedford has a lot of street riding for its size and its only a short train journey ,I say alot but not compared to Bristol, Swindon, London etc.. Im not 100% about all the surronding areas but St albans has alot of riding mainly a college I found.  
 
There are good transport links to London etc... and MK is pretty much flanked by the A1 and the M1  
 
Steve, [stinkee] will be able to tell you much more info as he is a MK local :blink:  
 
thanks, Will.