Its heaps good for modeling, because of its NURMS and NURBS tools, and Vertex editing. It can also render very well, with life like effects such as Radiosity and Refraction/reflection. and other tools for advanced lighting techniques, i would also have to say it has the best Material editor and TextureMapping tools out of most of the editors i have used

worth learning i would have to say.
There is a few downsides, its character skinning/bones are quite hard to master. But once down u can use tons of cooler physics tools like Ragdoll.
But there is one tool that is sweet for rending, and thats Particle systems. You can create your own from scratch, sound waves in relation to speeds, explosiones related to collision. tons of stuff