My fiance and I have been following a somewhat modified Paleo diet for about 6 months and we love it. I don't think I'll ever go back to conventional eating 100% of the time. My fiance used to have digestive/IBS and thyroid issues that have disappeared since we have started and we have both lost significant body fat without any changes to our exercise routine...this included the holidays.
I say modified because I still eat some dairy. Mainly organic, grass-fed yogurt and cheese. However, I do eat far less cheese and yogurt than I did before I started especially lately when I really want to cut.
If you're going to do it, you really have to commit to buying organic, grass-fed meat. Conventionally raised, grain-fed beef has a horrible omega-6 to omega-3 fat ratio (something like 6:1 when it should be closer to 1:1). Not to mention the hormones and antibiotics that are pumped into conventionally raised beef. If you're going to do Paleo, this is pretty much a must or you're going to be eating a ton of bad fat and other crap. Same goes for fish, farm raised fish is as bad if not worse than conventionally raised meat...stay far, far away.
Also, don't worry about getting too much saturated fat. There is nothing wrong with saturated fat IF, IF, IF you're not consuming large amounts of carbs. I'm not going to explain here unless I'm asked because it's complicated explanation, but if you follow the rest of the Paleo Diet, there is no reason to be afraid of saturated fats (and as long as you eat the good meat, too).
I have to say it's much easier than I thought it would be and I don't crave pasta, potatoes, rice, bread, etc. I eat lots of red meat, bacon (no nitrites, preservatives), fish, chicken (skin and all), nuts, and fruits & veggies. Who wouldn't like that??
We do go out every week or two with friends where we'll eat whatever we want, but we've still had great results and feel great. Though, when we do eat out we tend to feel like absolute crap afterwards!
I say give it a good try for 30 days (with no cheating) to see how you feel. I am willing to bet that you'll never turn back.