No doubt, there's no competing with the beaches in Florida. The beaches in California have more of a rugged beauty.
Also, the water is too cold, unlike Florida's tropical waters. This doesn't really bother me but it is a big plus for beach-goers. What does suck about California are the real estate values. But as it stands, California is the most populated state and the high prices limit even further growth. Sucks because even small homes are $500+K in nicer areas, so either it's a crap commute or rent...
On the pros-side, CA has decent surfing beaches, mountains for skiing and driving the passes, deserts for speeding, rolling praries, Nappa valley, Disneyland, Universal studios, Hollywood, and also Mulholland drive. Also, some of the best driving roads in the Americas. Oh, San Francisco, San Diego and their unique attractions...
Also, if measured independantly of the US, CA has the 5th biggest economy in the world.