The Bible is factual, that does not make everything in it literal, there is a difference. Some parts of the Bible are meant to be interpreted and, as such, will be victim to whatever mistakes that the first interpreter makes. As a whole though, I believe the Bible to be a fairly accurate word considering how many generations and translations it has survived through.
I woud agree with this. Since there is not a lot to do out here during downtime, and having some interest in archeology i have started reading a magazine called "Biblical Archeology". I think there are hughe amounts of archeological findings that prove that the bible is at least historically factual. On the spiritual side I think there is a lot of truth in it, however the literal inerpretation of it is probably not the wisest choice one could make.
This is pretty much my starting point in the christian walk.
I'll be the first to admit that my interpretation of the bible is somewhat warped to fit the reality around me, so I would assume it would be the same for those who translated it over the last several thousand years.
I could give several examples and will do so if the conversation goes in that direction, but essentially, I don't take the bible literally, I think that it was written to be what each person needs from it at any given point in their life.