My advice is, no. John Noble's performance is great but even the Walter character is replaced by different Walters. But the show is always centered on Olivia as a wish fulfilment character, almost always to the point of hurting the show. Anna Torv makes her not repulsive enough to throw small objects at your TV screen, but not even she can make it good. Also, as a glance at just a few posts shows, you've been warned that the serialized story is awful. This series is an excellent illustration of the thesis that open-ended serialization will destroy itself.
In doing some "research", I had read that the producers had pre-plotted out the major events of the series early on. Is this not the case?