My first Apple laptop was a 540C; I still have my Pismo. I have owned a half-dozen Apple laptops (and several desktops including a PowerMax if anyone cares) since then, and bought more for family members. I have purchased Applecare on every Apple laptop where it was offered ... when it was $99, when it was $149, and so on ... it's the ONLY thing I have ever purchased added-value insurance on EVER EVER. I used it a couple times and the truly awesome, treat-you-like-a-king-we'll-take-care-of-it-immediately thing was pretty awesome.
But, [$1300] from Newegg vs. [$1500 + $350 Applecare for the same model] here equals $550 more for that level of confidence -- that's an undeniably massive 42% more for insurance.
These laptops are still repairable, unlike the newest ones that feature glued-in batteries, RAM soldered to the motherboard and screens that can't be removed.
I think my early 2008 15" MBP is ready to replace, and I have been watching and waiting for these to come down more on Woot! ... but $550 is too much — WAY too much — to pay for peace of mind on a machine that, if it is like the dozen+ others I have been responsible for maintaining, is responsibly over-engineered and pretty rock-solid.