Definately one of my favourites (not the album version though)
And I think it is possibly U2's most creative, unique work, where they try some pretty unique things in terms of structure and stuff (and adam playing in the wrong key at the beginning lol) and it turns out really, really well. One is an amazing, spellbinding song, but I see Please as being a little more adventurous. Which I like. That said, I'm not sure which I like more. I'd tend to say Please, just because songs like One already have their fair share of supporters and a song like Please deserves a hell of a lot of recognition.
And yeah, the lyrics are really really well done. And it also has my favourite U2 video, yeah that one that never gets shown anywhere.
And if it's not on the upcoming best of because they had to scrap it to make room for BD, Walk On, and Stuck... That will piss me off.
And something else I found out that I thought was kinda interesting... Craig Armstrong did the string arrangement on the single version (which is eons above the album version imo)