For the most part yes. When I was playing it while writing my walkthrough I felt every bit as enthralled as I did when I was younger. The music, the storyline, the gameplay, the atmosphere, and the graphics (for the most part) still hold up even with their flaws in mind. It is still a game that should be acknowledged, and hopefully always will be.

The only time I admit that the graphics are "bad" (or more so, "below par") are the character models in the normal game field. The body of the character is okay, especially concerning what they had at the time - it's just below the style FFIX used, and FFVIII beats both of them. The worst offender is how the hands were designed - I still remember when my dad was watching me play when Rude pointed upwards (in the Shinra elevator), and my dad had to ask me what he was doing, as he thought he was holding something.

The main graphics (i.e. the backgrounds) are still stunning even though they have been bettered by other games. If they had FFIX character graphics and FFVII background graphics it would have mixed perfectly.