Olympia is in a good place, regionally speaking, because it's between Seattle and Portland so not much distance to travel between those two points. The only down side is that you are not in Seattle or Portland and have to travel a distance to get to the usual tourneys.
But Smashboards is a good first step in introducing yourself to the community and ask around at local game shops and check out the Gameclucks and Oregon Smash Community threads to see what's hot in the region if you want to stop by and play with the rest of the area.
