Yes, it's the best! For me it was also pretty easy to get started - there are so many tutorials and whatnot online, but I also like working with my hands so that certainly helped. For those who are interested you could also try taking a class if you need some guidance!
Here are some of my favorite blogs:
http://www.madebylex.com/
http://makeitandloveit.blogspot.com/
And other tutorials:
http://mooneatsun.blogspot.com.....cking.html
http://www.younghouselove.com/.....ed-to-dye/
http://www.cutoutandkeep.net/p.....-t-shirt_2
I have oh so many more, but I'll show some restraint. There is so much awesome stuff out there!
I've found that the only clothes that can't be refashioned are the ones that just aren't a good color for me and can't be dyed or bleached to a better color. Last weekend I actually attacked the majority of my black cotton tops with some diluted bleach and succeeded in turning them all brown - it worked MUCH better than I ever imagined!