Yes, it is.

A lot of the mindblowing stuff (serialized arcs) is humdrum these days, but they were genuinely executing a lot of fantastic stories on a week-to-week basis. You'll be surprised at how good a lot of the episodes are, and by season 3 or four the black comedy elements are building and the Twin Peaks vibe start to rise. You'll probably end up looking forward to the monster-of-the-week episodes, and you should pay attention to the episode writers, you'll start developing favorite writers.