The Flying Spaghetti Monster is actually a rather brilliant conception. I'm a big fan of his noodly goodness. I also love the movie The Life of Brian. Does that surprise you? I think that religion is not off limits, and that God has to have a sense of humor. I have some very irreligious books that I recommend to everyone, because they are so funny.
My view of the Old Testament is this: it is the story of the Jewish people, including their history, their myths, the development of their religion, some interesting poetry and other writings, and the traditions of their people--including traditions of their history. I don't believe it is a perfect account of history, nor do I believe every word is from the mouth of God Himself. It is a book, not God On Paper. It is not a divine encyclopedia, in which we can go look up all the answers. Religious people who treat it as such are setting themselves up for a fall, as well as misleading non-believers about it.
So, no, I don't believe in a genocidal robed bearded dude who sent bears to rend the youths who mocked a prophet.
That said, it is a marvelous and wonderful book. It is a book that raises more questions than it answers, a book one has to struggle with. That, to me, is the real worth of the Bible. It is the story of the Jewish struggle with the Divine, and some of the results of that struggle. Reading it, we wrestle with the Unknown, just as Jacob did. It's a struggle that is very worthwhile.
It actually saddens me that people deny themselves the chance of finding out how wonderful it is, based on pre-conceptions.