The best idea is nothing in excess, you need a balanced diet, in that you don't cut out all fat, cause your body does need some, and you don't cut out all meat, if you don't subsitute it for another form of protein. That and keep active :)
For me i couldn't handle it, its too much oil and fat for my body to handle first thing in the mornings. But each to their own.
I can't stomach the smell either, I can just about manage a breakfast like that on a Saturday morning, but every other day it has to be cereal or toast. As long as you don't over do something you'll be fine :)
If you don't eat enough of certain fats, you start looking like a celebrity, a dried out bag of bones at 30. But still, it's best to limit the amounts to avoid becoming overweight or worse, clogging up you circulatory system.