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I have not played it for a long time, does it still hold up well?
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It's a turnkey RPG that you can play with noobs and still have a lot of fun.
The main barrier is the length of time it takes and attempting to explain even a simple ruleset to people who don't understand what an RPG even is.
There are much better systems. There are much easier to play systems.
This one just had the best commercials.
I still have my copy with all the expansions and everything. I'm very much looking forward to my kids getting old enough to play it. Even with a bunch of nerds for friends, it's hit-or-miss at parties.
You're better off with Settlers of Catan or Age of Wonders (or similar) if you want a good party game. But it can be done, it's still as good as it ever was, but of course it's no D&D 3.5.