Elric of Melnibone: Any good?

Okay, I've heard a lot of good things about Michael Moorcock, but are his novels really worth reading?



I expect there are some fans here, because of the high population of geeky people. I hear his books were the main inspiration for 'chaos' in Warhammer (presumably HP Lovecraft too). I'm kinda sick of fantasy that is almost real-world, and want something a bit less constrained by physical rationality :)

Any fans? Why are they good? Would you recommend them?

Also which books are best to read first?