I was in Pokhara from 13 to 16 Oct, 2006. The distance is roughly 200Km from Kathmandu and it took us around 6 hours to reach there. We stayed at Lake-side resort, Sahana Resort. You could see huge Phewa Lake from the room's veranda. It was a really spectacular and incomprehensible view, especially in the morning. We visited two villages, Dhikurpokhari and Puranchour. Both trip took us around 35 minutes; though it was said that Dhikurpokhari was far than Puranchour, the pitched road made the difference negligible. The views were just magnificent as one keeps on ascending.
The boating at Phewa lake was totally splendid. It was really calm, soothing... words are not just enough, you have to feel it.
And the wonderful view of Mount Machapuchere and Annapurna himalaya range from Sarangkot (half-an-hour drive from the city). We didn't ascend to the top of Sarangkot, around 1 hour walk from the place till where transportation is possible. Anyways the views we saw were enough for us. And we also didn't have much time to walk that distance.