The 50mm f1.8 is a great lens for the money... it focuses really fast (for being a non-USM lens) and is really lightweight. Mine is a little soft wide open but tack-sharp at f2.5 (I don't think it helps that mine tends to not focus perfectly, and shooting wide open tends to amplify any focus error). The build quality is kind of bad... but again, if you want a fast lens on a budget, you can't beat it.
Yeah the bokeh is a little "nervous", and you could get better bokeh from an 85mm f1.2L. However, the 50mm f1.8 is like $80 and the 85mm f1.2L is over a thousand, so what do you expect? I don't think comments like "the 85mm f1.2L is better so you should get that one instead" are very constructive. No one is arguing that the 50 is better than the 85... but since money doesn't grow on trees for most people, the 50 is a great value. It's like someone asking "Should I buy a Honda Civic" and replying with "No, because a Porsche 911 is better so you should get that one instead".