It is a great place to visit. You can pay to go to the top of the tower and enjoy the view from there. Definitely it is a good experience. I recommend to go there on non-vacation period, otherwise it would be very crowded and it is difficult to take the metro. There are some restaurants around so you can enjoy the chinese food, there's an aquarium very near too. Good place to visit
I've been living in Shanghai now for a little over two years. I finally decided I should go up the Oriental Pearl at least once. I'm so glad I did... it was an amazing evening! If you have the opportunity, buy your ticket to include the revolving restaurant... you won't regret to see Shanghai while you eat... especially as the sun goes down and the moon rises!