I'm in this situation myself. Got fired a couple of weeks ago. TigerSister and I decided this would be a capital opportunity to move back to the Portland area.

A couple of things I've learned:
1) It doesn't hurt to give yourself a few days to accept what has just happened to you after you lose a job. I finally realized that all the stuff (evil, self-deprecating and otherwise) is a pretty normal response.

2) I've worked out two potential career paths and have a couple of resumes for each emphasizing different aspects of my skill set and I have cover letters discussing both. This reduces the amount of customizing that I have to do before I send the thing out.

3) SGTiger and I have enough savings to keep us going for a while. This reduces the urgency a bit. In turn, this means I have the option of holding out for something that is more consistent with what I want rather than taking the first offer that is put in front of me.

4) My network in Seattle is ok, but my network in Portland is pretty weak. Fortunately, I'm working with a recruiter. I've also talked to previous supervisors and they are letting me use contacts from their networks. This is why I always save business cards and I always make sure my folder of business cards leave with me when I walk out the door.

5) Monster is pretty good. I've gotten jobs and job offers off it. However, it is really easy to get obsessive. I try to limit my time on the various boards to around 4 or 5 hours a day.

6) Ride your bike. Work out. You have plenty of time now which means you have no excuses. This keeps you from being obsessive.

Wish me luck. My standing record for finding a new job is 17 days. It doesn't look like I'll make that this time.