yes it is! so is fedora. I recommend them both highly.

Ubuntu and Fedora are operating systems based on the Linux kernel. There are many operating systems that use the Linux kernel (sometimes these are called "Linux distros"). I recommend either Fedora 17 or Ubuntu 12.04.

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How to install Ubuntu 12.04

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How to install Fedora 17
 

Pyroflea

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Ubuntu is suitable for both those things.

The advantages I'd say are the popularity of the distribution itself, as well as the availability of packages.

As far as disadvantages, a new user shouldn't be concerned with any that I would point out ;)