Found this interesting video on youtube yesterday.
It explains clearly what happens in the LHC, the BIG Event to understand the concepts of Big-Bang theory was successfully executed by CERN team last Wednesday (10 September 2008) in Geneva, Switzerland.
In my view it is not a waste of time or Money. It's an effort which should be Appreciated. More over I came to know there are myths about this event that it might become a disaster to the world and some people fear it might create a black hole on earth and so on... It's a well controlled observation environment and all safety factors should have been taken care. So no need to worry, relax... and Enjoy the video :)