Definitely! They've always been one of my favorite parts of the book. Imagine, being able to talk to someone with three thousand years of experience, knowledge, wisdom! As someone who plays a musical instrument, I've always wondered what it would be like to listen to an elf musician who presumably has had at least a thousand years or so to perfect his skills..not to mention their poets, their architects, etc., etc.
It's mind-boggling just thinking about the possibilities.
When you really think about it, it's no wonder that Thingol didn't want his daughter marrying a Human, and no surprise that Elrond insisted that Aragorn be king of Gondor and Arnor both before he could marry Arwen!