Yes, Matthew, your example using Psalm 2 is a great example of the interpretation being imposed on the text. Father vs. begotten.
But yes, Kevin is right, the one you read is the best. (and here comes the ever so popular but). But it also depends on what you are using your Bible for. Some of the watered down versions (ie, niv, todays english perversion, etc) are O.K. for private reading. (AAAAARRRRGGGGGHHHHH I can't believe I'm saying that. Hold me back y'all!!) But if you are going to build doctrine or inform a liberal theologian of the errors of his ways, you would want a word for word translation that is precise.
You picked up on this when you said that the verses are somewhat forgettable. The english is at a lower level and not as precise in it's meaning. I've used the KJV because soooo many times people ask, "what does it mean in Hebrew or Greek?" And the KJV is very accurate compaired to the originals. I don't know Hebrew or Greek, and I usually make them look up the meaning and the KJV usually carries the day. Which really helps open up the conversation.
But I digress a little. No version is perfect (even though the KJV was let down on a golden cord by God
) I belong to the King Jimmy is best crowd, not the KJV-only group. The other versions are used to help understand what the word of God is saying and what it means. Some of the modern versions are fine for helping to expound the meaning and to make clear what scripture is saying.
So yes, which ever one you will read is good enough. (Well except some, like The (Some kind of) Message, or the good news). Anyway, just enjoy!