Astronaut John Crichton, on an experimental space mission, is accidentally hurled across the universe into the midst of an intergalactic conflict. Trapped among alien creatures wielding deadly technology and hunted by a merciless military race, Crichton is on an epic odyssey more spectacular than anything he has ever imagined.

This is what The Sci-Fi channel pays people to write... The series is incredible. It was set in this direction through Jim Henson productions, not the half-wits that make up most of The Sci-Fi Channel staff.

If you missed the first episode, here is the run down (from what I remember):
John Crichton an IASA engineer/astronaut experimented with reducing friction on reentry to earth. Taking place in the "present", his experiment has unexpected results, when inadvertant magnetic distortions create a wormhole, throwing him into a battle between Peacekeepers, and a small group of escaped prisoners who had taken control of a large organic ship (Leviathan class) Moya. During Crichton's entry into this battle his ship grazes a fighter, causing the fighter to explode. Unfortunately, the soldier inside this fighter was the brother of a Peacekeeper commander.

This series has so far been better than The Outer Limits. Absolutely stunning special effects, an amazing assortment of aliens, and a plot that goes beyond most SciFi's, this is a must see series.

Update: 9.23.2002 I wrote this node back on: Thu Mar 16 2000 at 09:51:48 as everything2 says. Farscape now appears to be on its final run. A large campaign by fans of Farscape has been launched in hopes of saving the series. That being said, Hurray for Lexx!