What III said.

(And Jo, and Roger, and some others...)
As for your question "do you take the Bible as being literal?" --I think I'd have to say first that I take the Bible as being literature. I also take the original documents (Hebrew/Greek) as being the inspired Word of God, imparted in a collection of literary documents spanning 1400-1700 years, 40 generations, and written by over 40 authors on 3 continents from all walks of life. (If you have ever read it cover to cover, the internal unity of such a collection of documents is nothing short of miraculous in itself.) And, as ancient documents go, it has unparalleled manuscript support. To illustrate: the historical accounts of Caesar (concerning events ca.100 BC)--our earliest manuscripts are from around 900 AD, and we have 10 copies total. Total number of manuscripts about Aristotle=49. Yet people still muse and speculate about whether or not Christ actually walked this earth, when we have 24,000 NT manuscripts written within 25-200 years of those events.
As Jo pointed out, those documents were varied: historical, prophetic, poetic, etc., and as such, used metaphor, and other figurative language at times--(eg. the apocalyptic/symbolic language of the book of Revelation is very open to interpretation) so it'd be illogical to say they all were to be 'taken literally.' However, if you mean do I hold it all to be undeniably True and infallible, I'd say 'yes.' Even those parts we haven't figured out yet.

And, like Roger and III, I hold it to be inspired, "God-breathed" and continually so; it continually 'breathes life' into my life.
Concerning infallibility, a few things to consider (and this is actually condensed from a
sermon I heard just a few weeks ago by Pete Briscoe, if you are interested in more info--click "Why should I trust the Bible?"):
--"inerrancy" refers to what is affirmed, not what is 'reported' (eg. the lies of Satan are not 'true')
--scripture must be understood by the cultural milieu in which it was written
--'rounding off' regarding numbers in historical documents is commonly done, and does not render scripture fallible
--in scripture, reports of scientific matters are in phenomenal language, not technical, scientific language. For example, our meteorologists will say "
sunrise was at 7 AM"--speaking as if the sun actually moves does not make their statement scientifically 'untrue'--they are simply reporting a scientific event to us in phenomenal language.