There are some decent fan edits out there if you want to watch the prequels with out all the stuff we all complain about. Check out fanedit.org.
Servo brings up a very good point, I love being immersed in the mythos and the universe. And Tamer is right on. I've watched each one at least 10 times each.
GL made the prequels with a different fan base in mind. He was trying to hook the younger audience. How else do you explain Jar Jar and the clones? And it worked. Any person under 20 is going to think clones before ewoks, Captian Rex before Captian Piett. But if you take away the Star Wars part, no lightsabers, Sith, Jedi, and they are just so so movies.