I did it last summer... (Score 1)

I took a roughly 50% pay cut last summer to move from a long-term contract job in the city writing portal apps to a full-time w-2 gig in the suburbs with a tech start-up. That was the most satisfying move I have made in my career. Unfortunately, the company ran out of money 5 months later and I am back at the contract gig, but I would do it again.