I had an elective c-section with ds, because of my having funny hips, and would suggest that you go for it.
I honestly had no problems with it, but I do heal well from surgery (believe me, I have plenty of experience, especially this year).
You do need to make sure someone will be with you for the first couple of weeks to do the lifting etc. ease the problems of lifting by making sure that moses basket/bath stand/changing table are high enough. (The problem is mostly bending and lifting rather than carrying from an upright position). As you get nearer full term encourage your toddler not to need so much picking up. cuddle him while you are sitting in your chair, or let him stand on your armchair while you stand and hug him.
The 6 week driving ban isn't automatic. Your insurance company will probably say you can drive when a doctor says you are fit to do so, so if you have no other probs, this shouldn't be too much of a difficulty, test your GP or obstetrician on this. My GP gave me permission at 3 1/2 weeks.
Finally bear in mind that an infected c-section wound will be just as painful as the infected episiotomy wound was (but could go deeper). If you are prone to such infections, or your hospital has a particularly bad reputation for infections then think again. I didn't have any prob with infections tho.
People told me that I would take a long time to get over a c-section, but honestly, after 3 or 4 days I felt fine. I know lots of mums who took longer to recover from labour than I did.
But do try and keep yourself fairly fit, and not pile on too much excess weight during pg.
Incidentally, my baby was always very placid and easy to deal with, a good sleeper right from the start. I attributed it to not having the terrible stress of being pushed and pulled about when being born, but I may be wrong (oh and he didn't have a funny shaped head, which often happens during labour.
Finally I would say talk it out with your obstetrician.