I was there around October 13th 2008, and there is nothing much to do in Telluride at that time of year. It’s a beautiful place, worth seeing, and the drive through the mountains to get there is awesome (the road ends in Telluride, once you get up there you have to turn back to get out). But, again, there isn’t much to do as it’s primarily a ski town. Also, this is a town that was designed for walking as the roads are very narrow.