I've cycled there as part of randonnees ... in the Chemainus area ... and liked it so much that Rowan and I returned in August 2011 and did a short tour, across from Vancouver, to Victoria, to Duncan, to Ladysmith, to Nanaimo, and across to Vancouver again.
Photos here:
http://www.flickr.com/photos/machka-...7627943421118/
We'd like to go back to do more.