I remember hearing nothing but good about My So-Called Life back in the day. Just like Freaks and Geeks, I never caught the show when it originally aired. Unlike Freaks and Geeks, it has taken forever for My So-Called Life to come out on DVD.
Seriously, the show ended in 1995! WTF?
From all that I've read, this show has much in common with Felicity. The narration of the lead character, occasional dips into the supernatural (for instance, both series have episodes that use the tarot as a narrative device,) and of course the complex relationships in which young adults can find themselves embroiled.
My So-Called Life debuts on DVD October 30th, 2007.