IMO, it is worth it. I also purchased the HD1000U w/Lamp warranty. This is my second projector. I had to replace the bulb on my first projector after <1000 hours. After replacement, I found myself limiting the usage of projector to save on bulb life, limiting it for movies and special sporting events. With my new projector and warranty, I will be spending a lot more time watching movies in sporting events in my theater.