can you please suggest some good webGL study and reference material. I just heard about it and got very exited. Any good books, E-books, Blogs would be appreciated.
and also I’m interested is it O.k. if I dig in directly into webGL or do I need some background in 3D Graphics development (or other prerequisites) to be able to work with it?
WebGL is just a port of OpenGL ES to the browser. Look for OpenGL tutorials, and appropriate them to the browser.
This looks to be a good port of the famous NeHe OpenGL tutorials for WebGL: http://learningwebgl.com/blog/?page_id=1217