Highly recommended. There are many situations where a polarizing filter can be a benefit. I like using them outdoors, especially when it's sunny. You can often use it to make a blue sky bluer, which makes clouds pop out in contrast. They can take the glare off of green foliage, making it look greener. It can take the reflection off of water or glass, possibly allowing you to see through. It can take (some) of the glare off of people's skin, but it's can also have other effects on skin, which some photographers don't like.
It's a versatile filter because you can rotate the front part of it, allowing you to fine tune the effect.
Possibly the most important point, is that this is one filter than can't be replicated easily (or at all) with software. So while many filters are obsolete in a digital workflow, polarizers are as relevant as ever.
I don't use them all the time though. They do eat about a stop of light, so when shooting in a situation where I don't want or need the effect, I don't have the filter on....as it just causes longer shutter speeds (or smaller apertures, higher ISO).