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It's really fantastically good. It was created to be a re-entry or entry point into the series for lapsed and new players, so you should feel very at ease with it. Graphically, it's beautiful. A lot of mechanics were simplified to make things like competitive battling more accessible for the average or casual player, should you choose to pursue it. The online features are better-integrated in X/Y than they ever have been, and the community is actually quite charming and enthusiastic.
Its weakness is in its writing. However, Pokemon games have never been known for their writing, and there are plenty of strengths in terms of game design and visuals to make up for what it lacks in plot and character development.
As a rabid fan: yes, pick it up. As a normal person: yes, pick it up. Bonus points for playing it on the 3DS XL, where its artistry and visual design can shine the most.