Through my job I know around 2000 people fairly well and have heard several horror stories related to the atkins diet. Mostly because the body requires Carbohydrates to function properly. Most specifically your organs such as the Liver and Kidneys. Without carbs they don't properly filter out toxins in the body and the end result is that you slowly poison yourself.
Now I'm a person that likes to eat, but have always been pretty active so I kept my weight down... until last year. I broke a few bones in my hand and found myself unable to work out for quite a while and ballooned up to 280-290 Lbs. I was able to bring myself down to 220 (I'm a pretty big guy, and 220 is thin.)
I basically ate a power bar, 2 packets of instant oatmeal, 1 bottle of cranberry juice, raw carrots, and assorted vegetables and several pieces of fruit every day for 3 months, and was able to lose it all. (plus vitimin supplements and a protein shake so that my muscles would not atrophy.) (around 800-1000 calories daily, which sucks at first but you get used to it after 6-7 days.)
Now I eat the oatmeal, occasional power bars, rice, vegetables, grilled chicken, fish, and fruit etc. Nothing with high fat or cholesterol. (no mayonaise, margarine or other things like that which add useless calories. And stay away from goodies.)
I actually think of a thread when eating almost every day that Vat_man posted way back talking about how he struggled to lose weight and advised everyone not to let themselves get out of hand because reversing the damage was just too difficult.