I don't live in The Woodlands - but often drive there for shopping and to visit friends, so I can definitely recommend it. It really is a city, not just a neighborhood - and I've heard wonderful things about the schools there.
Another area you might consider (a little further West and close to 249) is Gleannloch Farms. Also, Coles Crossing at Barker Cypress and 290 - or Longwood, Lakewood Oaks Estates, and Rock Creek in Cypress. I mention these in case they may be more convenient to your husband's job. Spending hours a day on the road to and from the office takes years from your life!
check out this website: http://www.har.com/ if you haven't already!
I would only recommend West University or any of the areas in town if he were working near by. If you live in the north suburbs you can drive to town for an evening or afternoon for the arts or alternative fine dining and it's maybe 30 minutes each way. But if you had to commute from there during heavy traffic it would be a nightmare - not because of freeway traffic since you'd be goiing against the flow into town - but because the urban traffic is so heavy. I went to Rice and lived in that area for about 6 years, and it's lovely, but congested. Plus, you can get a lot more house and yard for your money outside of the city.
I almost forgot - there is a wonderful preschool on Spring Cypress near 249 called The Adventure School at Windwood Presbyterian.