I love LOST. I was going to buy the Season 1 DVD set when it came out, but instead, I had the strangest urge to buy Season 1 of Arrested Developement instead. So I did... But eventually I'll get Season 1 of LOST.
The story is really good. I can't wait to see what happens next!
JJ Abrams also produces the show Alias, which is phenomenal. You'd have to watch Alias from the first season on, to really be drawn into the story. I haven't really watched Lost aside from just catching it on tv now and then. My friend has the first season on dvd, which I'm going to have to borrow.
Apparently they're going to have a one-hour special episode before the season 2 premiere that's meant to catch new viewers up to speed. So if you watch that before the premiere, you'll know what's going on.
Eh. I never really got into it, mainly because I starting missing the show after the fourth or so episodes. I only really watched it because it had Emile De Raven on it, and I loved her in Roswell. XD Oh, and Dom from the LOTR Trilogy as well. The show was okay, but I'm probably not going to watch this season. Later on I'll probably get the S1 DVD, and maybe the S2 DVD when it comes out.