Somewhat coincidentally, I recently started my serious, systematic study of it. E.g. right now I'm working through the English book that's the single, detailed history of all naval actions in what was truly a world war: http://www.amazon.com/gp/product/0870212664/
Quite good, e.g. one Admiral really needed a Nelson era signal in one early battle, a not uncommon way to deal with submarines was to run over them. And it really brings home how it was a "World War" (although not called that at the time).