How do you answer?
For all my complaints, I think I'd still say yes.
Having played it recently, even after having played much newer, more graphically-detailed games, I can still say that WoW looks good. It doesn't look realistic, but it looks good. It is getting dated, but I don't think the graphics are going to seriously harm it for another few years. And frankly, Im not sure I want to play with the "I want a pretty game" crowd.
You can still jump in and play, without wondering what all these buttons do. Not that there are a ton of buttons early on.
Ultimately I think the issue is expectations. When I play WoW I expect, or wish for, a different game than what it is now. A new player would not have that burden. Without that burden, I think they could have a great deal of fun.
For reference, I've given a little bit of time to lotro, rift, and eq2 and none of them quite caught me. I just felt disconnected from my character, as if I were controlling a marionette with very loose strings. Also, the fonts: I am very used to WoW's fonts and eq2 and lotro did not work for me. Has anyone else had a problem with the different fonts between games? I know it sounds silly, but I often felt like I was reading over someone's shoulder rather than reading words meant for me.