Well, it's over 20 years old now, so probably. It's also really easy to softmod recently. Last year I got one for $25 at a thrift shop and modded it, so it's also a great time to get one.
So far, I only played Banjo Kazooie and Banjo Tooie on it though, and messed around a bit with the first release of Minecraft Xbox 360 Edition.