Yes, I was obese and was able to get down to a normal weight. I've kept the weight off (with about a 4 or 5 pound fluctuation range) now for about eight months. My story is here: http://forums.teamestrogen.com/showthread.php?t=47094
Good luck! Keep riding! And pay attention to how much you eat. Exercise is important but cutting the calories is what causes you to lose weight.
Trek Madone 4.7 WSD
Cannondale Quick4
1969 Schwinn Collegiate, original owner
Terry Classic
Richard Feynman: “The first principle is that you must not fool yourself and you are the easiest person to fool.”