Living in the south we get termites, so we've switched all of our mulch to rubber mulch. I love it, it's more expensive, but it doesn't blow away, deteriorate or lose its color. And of course it doesn't attracts bugs. I think that it's the best solution for decorative areas of the garden. However, for my vegetable garden I use regular mulch as it feeds the soil.
But your yard smells like a tire factory, doesn't it? Just walking by the rubber mulch in Lowes, on a hot day, is disgusting. And those are sealed bags in the shade.