I watch it. it is one of the very few TV shows I make it a point to watch. I loved the first season, Mrs. Jimmy gave me the first season on DVD for Christmas a couple years ago. Season 2 was more of a soap opera but it got better the last 3 or 4 shows and the finale was great. Season 3 was better but still both season 2 and 3 lacked the intensity and just plain scary-ness of the first season. I can not wait for Sunday when season 4 kicks off..It is said that it will be gorier and hopefully more genuinely scary this time around, but also have more "world building" where the characters try to create a more normal and safer civilization, so we will see how it turns out I guess.
If you like the TV show, check out the webisodes on amctv.com. There are 2 webisodes for season 3 online right now, both are every bit as intense as the first season...Walking Dead is one of the best TV shows I have ever seen and certainly one of the best on TV right now.