No, it's not pronounced like Michael . . .
The correct pronunciation is MI-hal, but the 'h' is a rougher sound, a bit closer to the 'ch' in Loch or Bach.
I don't mind it but it's not a favourite either.
♦ Chrisell ♦
All we have to decide is what to do with the time that is given us. - J.R.R. Tolkien.