I've read the entire Bible. . . hell, i even took a Bible history class in the 10th grade! It is a VERY interesting, DARK read, believe it or not! sodomy, sacrifice, war, genocide, killings, revenge, sex. . . all abound in the Old Testament. There are many contradictions throughout the Bible, however, and if anyone cares, I would be glad to point some of them out, but ledmag did a pretty good job explaining some of it (NIV is the simplest read by far).
It is my opinion, as someone who believes in Christ and God, despite my open-mindedness and excursions into different belief systems, that man must only need the teachings of Jesus in order to establish a personal relationship with God. All the other stuff, such as the OT, is just "commentary" leading up to the Gospels. It is relevant from a historical perspective, true, yet abounds with stuff that, quite simply, is pretty hard to imagine.
It is also my opinion that people get in the way of an individual's relationship with his deity, as has been proven constantly throughout time and is the main reason why most people shun Christianity. It is not so much the religion itself that turns people away, it is the Christians themselves. It is important to not let THEM get in the way with their fanaticism and ignorance. Was it not the Pharisees themselves that Jesus opposed more than anyone?
Reading the Bible is important to understand the religion of Christianity. . . don't let people get in the way of the message. I believe that all religions must be looked upon in-depth before criticizing or following.