It is my favorite city so I would say yes. But as with all things, it depends on what you like. Do you like exploring cities? Amazing food? Wine? World class art? Paris is 2nd to none for all of that.

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Secondly - What to expect? Hotels? Airbnb?

I have stayed in Hotels there, but I know many people love to stay in condos which are plentiful in Paris. I just prefer staying in Hotels if I can in foreign countries for a variety of reasons (checking bags, having a concierge, etc).

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Getting around?

Their Metro (subway) is extremely convenient and I used it almost exclusively outside of a few cabs and the like).

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Expensive?

It CAN be. Do you want to stay at a 5 star hotel with a view of a landmark? Do you want to eat at 3 Michelin Star restaurants? It will be pricey as frick.

If you're ok with searching for a well reviewed hotel at a good price, and you research restaurants that won't kill you price wise, you'll be fine.

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Museums

I mean...It has the fricking Louvre. Not to mention the D'Orsay and others.

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food

I mean...its Paris. I can give you a bunch of wonderful restaurants that run the gamut of price.

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Language?

Everyone speaks English. HOWEVER...learn some basic French phrases and then let them know you don't speak French well and they will speak English with you and be MUCH nicer. The French all speak English but hate when people don't at least make an attempt to speak French first. This isn't necessary, but you will have a better time.

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Thirdly - Any do/don'ts. Places to avoid. Things to skip?

Skip a day trip to Versailles. I was personally very underwhelmed. Take a day trip out to Reims/Champagne or out to Normandy instead (IF you have time for a day trip, that is).

In short, go.

Tips:

Stay in the one of lower numbered Arrondissments (districts). Paris is arrayed like a snail, with the lower numbered districts starting in the center and pinwheeling out. The lower number ones (1-8) have the majority of tourist attractions with the notable exception of Montmarte, and are nicer.

Near the Eiffel Tower is a shite show. It is filled with immigrants hawking crap. The Eiffel is beautiful but that can suck. They can be kind of aggressive, and are even worse in Montmarte. Lots of gypsies and scammers all over.

ParisByMouth.com is an amazing guide for eating all over Paris. Use it.