We visited Lisbon in June 2006. The metro is really easy to negotiate, just four lines (red, yellow, blue and green). We bought "day tickets" from the booth at our local station (as recommended by the hotel receptionist) for around 3 Eur for one days unlimited travel. The ticket was rechargable, so the next day we took the same ticket back and paid for our travel for the rest of our stay. We didn't realise however, until our last day, that these tickets were also valid on buses and trams!
The metro stations were all very clean and modern.
We also took the main line train to the beach at Estoril. We bought our tickets at the machine and were amazed that it worked out the single fare as 1.50 Eur each! When the ticket collector came to inspect the tickets while we were on the train I was half expecting him to ask for more money, but no, that was the correct price. This was for a journey which took over half an hour. Again the train was clean and modern, and had indicator boards announcing which station we were about to arrive at.
We picked up a taxi outside the airport when we arrived and it cost 15Eur to our hotel. Coming back the hotel ordered a taxi for us. It turned out to be a Mercedes. All very well until we were flying along the Lisbon streets, with the driver changing CDs and waving to his friends while overtaking and undertaking everything in sight. As we flew into the underpass, I had a sudden vision of Princess Diana... I was shaking when we arrived at the airport! The taxi driver only charged us 12.50 Eur for this journey, obviously because it took less time!
Overall, I'd say the Lisbon public transport system is very easy to negotiate and very cheap.
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