A better question is, is it a good idea to accept updates on a rooted phone?
The OTA update is a patch, intended to be applied to a set of stock system software. Rooting involves modifying the system software, so the phone is not in the state the patch expects it to be in. On many phones if you have installed a custom recovery that means that the update won't work anyway (I have no experience of Motorolas though). If you have not installed a custom recovery then you can probably try accepting the update, but there are risks, for the reason given above. At best you will lose root when you update and have to root again. At worst there could be other problems, resulting in unpredictable bugs.
I did it once, and got away with it. But I was prepared to flash a custom ROM if it didn't work out. I'd certainly recommend backing up before accepting an update, in case you have to do some work to fix it (mind you, I'd recommend that even if you have never rooted!).