Monday's hot topics - KJV only "ill-informed"

What does KJVO mean? Perhaps you've heard of it. This movement states that the only *real* Bible is the English one translated by King James (in 1611). Right off the top there are major questions about how this can be, since the original Bible was written in Greek and Hebrew. On the forum this topic has arisen, and recently forum member IHA took a shot at this idea:

the entire KJVO movement has arisen, and every present-day KJV-onlyite is a direct spiritual descendant of these ill-informed men. And as the movement has progressed from one generation to the next, with each new generation arising from intellectually incestuous in-breeding, the views have become more radicalized and extreme.

What are your thoughts on the King James Version? Is it the only *real* Bible? Are KJVonlyists off base? Post your thoughs in the comments, or on the forum - here