I really enjoy EPP. I find it very relaxing, and it's nice to have a small, portable project. I like how creative you can get when y-seams aren't a problem!
My first EPP project was a pillow front, made of diamonds cut from scraps leftover from a quilt. I would recommend starting with something small, like a pillow or a feature panel for a tote bag. That way you can find out if you like it.
I started with diamonds because they were easy to rotary cut, which suited my university-student budget at the time (I didn't want to buy pre-cut papers). Now I would recommend hexagons as a good starting shape. 1" hexagons can be made from 2.5" strips or squares of fabric.
There are a few different ways to stitch EPP. Whipstitch is the traditional way, but I like the flatback stitch or ladder stitch.
I think you should dip your toe in, and see if you like it! A small project is a small commitment, and will give you a feel for if you enjoy it. I'm in a couple EPP groups on Facebook, and some people find it hard on the hands. A number of people working on Willyne Hammerstein patterns straight stitch the pieces rather than English Paper Piecing - just goes to show you can get great results in more than one way!