No its not.
Here's why.
While introducing the 3d element to RPGs, the story was silly. I mean talk about an identity crisis. VIII had so much of a better story, better sound, and while they have essentially the same battle system, ATB was tweaked every year except for X and X2.
Sephiroth wasn't even that much of a badass. Kefka was pure evil. I mean come on. He built a monument to chaos.
And the supporting cast? GAY? Come on? Tifa with her huge boobs couldn't bag identity-crisis Cloud? Red XIII being the only fire tailed wolf in the world? Cid was badass with his spear. But Barrett? Token black guy anyone? With a machine gun at that?
The music? While Uematsu certainly redeemed himself with Reunion and the piano soundtrack (Advent Children as well), the music was horrid. Electro-nightmare. But Jenova fucking hits in cars.
The graphics? Ugh. Won't even go there. How do you transition from blocky people to actual real life impersonators in fights? Makes no sense.
Did I mention the story? Yeah.
6/10
Only because its a Final Fantasy.
But yeah, I was into the hype when it came out.