Well, FWIW…
as has already been mentioned so I will do some summing up=)
1 - sugar is bad, mkay? white flour, processed sugars, starchy veggies like white potatoes/any veggie that when you look at the nutritional breakdown is lots of carbs and very low fiber will race into the bloodstream, give you energy [read the wrapper on a nutrition bar, if it says it gets its energy from carbohydrates, treat it like cyanide…] and then a fast drop in energy shortly afterwards. If you are a competition athlete that NEEDS that sugar rush, you probably are so active you can chow down on an open bag of sugar every day and never gain an ounce. You can go eat sugar…but when you stop competing, we will laugh at you when you complain that you cant eat the contents of the fridge anymore and looking at food makes you fat 
2 - protein is OK. Protein digests fairly slowly, and releases ketones into the sytem, that the body can use like glucose. Energy deriven from protein and fat doesnt spike, it is a gentlyer ‘time release’ sort of energy becayuse protein and fat need to be broken down. You can gain weight from protein and fat, so you need to watch the fat content. Also many people have noticed that protein and fat because of the way they are processed, you feel fulll faster and don’t tend to eat as much.
3 - High fiber carbs are good carbs…they are processed into the bloodstrem slower, and the fiber is good for the health of the colon. Crude unprocessed grains and legumes are preferred to processed ones = eat oatmeal, not oaty-Os with sugar, eat chili made with very lean meat such as turkey or 95% lean ground beast and kidney beans/tomatoes/peppers and throw in some kernals of corn and brown rice … make the meat .25% of the recipe, not 50-75% like most recipes call for nowdays.
4 - Proportion is somewhat important…some versions like the Zone have specific percentages of the diet that are to be protein, fat and carb. Others are more concerned that you have a limited number of carbs and the fat and protein are up to you…the definition of low carb is 100 grams a day or less by the way.
The official Atkins parameters are on their website, atkins dot com.
FWIW, I do a variant. I am a protein fiend, but I make sure that I do lower fat proteins - I adore fish, chicken, lean cuts of beef, eggs and cheeses. I am somewhat lactose intolerant and allergic to yoghurt so I avoid liquid dairy except for whole cream in my daily coffee [I do 4 cups of coffee a day now, from the desire to cut down on the fat in whole cream in my diet. my caffein source nowdays is tea=)] I use as bread either the atkins approved low carb breads that are mainly ground nuts and whole grains, or wasa brand crisp bread that is high fiber and lower carb. I like the crunch=) I will eat regular bread now and then on special occasions, as I have also been known to eat an occasional cookie, piece of wedding cake - it is a way of life, not of punishment for being fat! My veggies are the good lower carb/higher fiber ones - spinach is a favorite, bok choy, asparagus, artichoke, summer squashes, celery, broccoli, brussels sprouts, cabbages, rabes…and an occasional amount of onion, an occasional amount of potato. In general I prefer to avoid legumes as they have always caused me to fart, and I avoid high carb veggies like corn, peas and rice.
I can’t exercise, my back is messed up from a skiing accident 20+ years ago, but in 4 years I lost about 150 lbs just from the diet modification, and my blood glucose has stabilized at the low end for a diabetic, so I am no longer on metformin which makes my doc happy. I have a reasonable blood analysis, decent cholesterol and though higher in ketones than normal it is not ketoacidoses as I am not digesting my own muscle mass, I am using the ketones from the protein and fat to power my cells. The protein in my urine is not above normal either=)
YMMV…if you do want to start atkins or another of the low carb regimines, PLEASE READ THE BOOK ALL THE WAY THROUGH AND MAKE SURE YOU UNDERSTAND IT. Nothing chaps my ass so much as someone who hears the basic description of the induction phase of atkins and thinks that is what you do the rest of your life…and announcers who have OBVIOUSLY never read the book and therefor have no clue…there are message boards to help you make sure you understand everything and they will happily answer questions as long as it is clear that you have actually read the book and are seeking clarification…