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I made the switch a year and a half ago and I don't regret it at all. I'd been programming professionally for > 12 years and had gotten to the point where I didn't really feel like I was encountering enough challenging problems to keep my juices flowing.

Now I deal with a lot of new (to me) problems every day and get to spend my time trying to help my developers be the best they can be and kick ass.

The hardest bit for me was making the mental shift from trying to do things myself, to coaching and encourage others to solve problems and learning to be okay with people not doing it the way I would have.

No regrets so far, but I also do some consulting on the side, and occasionally jump into understaffed projects to assist as needed.