Boquete, Panama
Drdang
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What to See
Caldera Thermal Springs

The 3 hot springs--all incredibly small--are on a private farm just outside Caldera, about a 45-minute drive from Boquete. Once you get there, you'll have to walk down to the springs, and then if you want to take a swim in the nearby river, that is about another 10-minute walk. A 4-hour "tour" costs about $30, which includes the drive there and back and your taxi's time. We split the cost between 5 people, so it wasn't that bad. Though the springs were disappointingly small, it was still a day well-spent.
Finca Lerida

For a cup of Joe and a nice lunch, stop by Finca Lerida ( http://www.fincalerida.com/), one of Boquete's best-known coffee estates. The grounds are nicely manicured, and the surrounding area is picturesque. If the $32 coffee tour is too steep for you, consider doing a coffee tasting for $15. We shared a filet mignon with soup and desert for $7/each. The finca is on the scooter route and is about 20 minutes outside of Boquete.
Mi Jardin Es Su Jardin

Mi Jardin es Su Jardin is a nice stop on the scooter route through Bouquete's hillside (about 10 minutes from the center of town). Don Eduardo passed away last year at age 100 years and his kids have left the estate gardens open for visitors. Admission is free and hours are 9am - 4pm. It's a nice gesture with a simple, natural beauty but not a must-see.
What to Do
Horseback Riding

A short drive from Boquete is a beautiful area that lends itself perfect to a few hours on horseback. Scenic viewpoints, ranches and rolling hills are the perfect backdrop for a hourseback ride. Tours can be arranged for 35$ which includes lunch and transportation and 3 hours of riding. ( http://www.hablayapanama.com/ecotourism/#horseback)
Provided the back drop for some on the best photos on my trip.
Learning Spanish

The most popular company to take spanish lessons in Panama is in Boquete and is called Habla Ya Panama ( http://www.hablayapanama.com/). Classroom sessions are friendly and not intimidating. They can arrange different levels and lenths of classes. Classes can be arrange in main office just down from central square or at Mamallena hostel (possible discount from hostel). They also arrange several great tours.
Renting Scooters

If you are in Boquete, rent a scooter and head into the surrounding hill country to any of the coffee plantations--we went to Finca Lerida--and enjoy a cup of Joe. Very relaxing way to spend the day. The scooters cost $20 for a half day, or 4 hours. When shared between two people, it is actually very cheap and is the only way to see Boquete. We booked our rentals through ATV Tours (730-9353), located next to Plaza Los Establos. The cost per day does not include gas, which was minimal.
Where to Stay
Central

Mamallena ( http://www.mamallenaboquete.com/) is hands down the best hostel in Boquete. Short term or long term it provides a relaxed, clean and organized place in the centre of Boquete. They have privates and dorms and face directly into the main square where the buses drop off. They also arrange any tours wanted and Spanish lessons.
What to Eat
Other
It may be easy to wander into either of the two grocery stores here in Boquete, and at first glance they may seem cheap, but avoid them. There is a farmers market just on the outskirts of the central park if you look northwest. It is not only much cheaper, but the vegetables and goods are sold by the farmers themselves. You can still see the dirt under their fingers as they hand you the veg.
Restaurants

Located just a few blocks from the main square is this cheap, local eatery. Meals are filling, and the restaurant is always packed with locals. Food is served cafeteria-style (you point at what you want), which makes ordering easy. If you share your plate, meals are less than $2 pp.
Restaurante Jardines de Boquete, located across the street from Plaza Los Establos, serves up a good breakfast. Try the steak and eggs with hojaldres (fried bread), if you haven't had it already. Meals are reasonably priced at this local establishment.
Getting Around
Bus

To get from Bocas Town to Boquete you first need to take a boat off the island. They leave every 30-45 minutes so just show up and likely wont have to wake to long. The cost is 5$ per person. Once on shore (Almirante) take a taxi to the bus terminal (there will be several waiting and eager to take you so do not pay more than 1$). Once at the bus station (rather small) you need to take a bus to David (7$). In David there is a large loud and crowded bus terminal. Look for a chicken bus that says Boquete on the front. Likely a driver will be yelling Boquete and ask you to come. If the bus says Boquete then you are in the right place, price is $3 and stop right at the central square. (5-6hrs)