If it's your first trip to Paris, definitely go see it, but definitely don't expect good food or reasonable prices at any of the cafés. The Champs-Elysées is like Hollywood Blvd or Rodeo Drive in LA, everyone wants to see it because it's in films, got big name stores, and it epitomizes the city. All famous brands are here and it is cool to go to the original Sephora or the flagship Louis Vuitton. I also love the branch of La Durée here, made famous by "Sex in the City".
Unfortunately that also means beggars work the streets, descending on anyone with shopping bags, and numerous con artists ask you to sign "petitions" as their friends pickpocket or accost you, so keep your valuables in the hotel safe. Thankfully the police patrol and when they show up suddenly all the marginal elements disappear. On the plus side, there are kind natives (yes Parisians!) who will help point you to the stores or the metro.
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