I had lipo 2 years ago and it was the best thing I ever did. I had been heavy when I was younger and had extra fat cells that just wouldn't go away no matter what I tried. I dieted from 227 to 160 and still had flab... finally got it sucked out and now I'm 210 with no handles or bulges.
Recovery sucks, just make sure you wear the compression vest/garmet for as long as the doc says so. Really helps the scar tissue form under the skin which in turns makes the loose skin much tighter. I wore mine religiously and it worked out well.
My experience was so good on love handles and lower abs that I'm considering doing upper abs and chest, maybe get the mammary glands cut out while I'm at it so little risk of gyno.
Good luck to you and if you've got questions, just ask.
DrG