It has it's strengths and weaknesses. It controls the longest diagonal through the center, but creates a pawn weakness that your opponent might be able to take advantage of if you castle behind it.
Feel free to send me an unrated online challenge if you want to try it out and discuss
I was playing chess when my opponent did this bishop move...He said it was called Fianchetto .... What ? He promptly gave me the URL. WOW! Homework in the middle of the chess game! Very funny! !
So is this an opening worth learning? What do all of you "smarter" than I am chess players think ?
. http://en.wikipedia.org/wiki/Fianchetto