That's 2/2 long-time regulars for "nay." S'good 'nough fo' me.
I think you are assuming "long-time" equates to "amassed wisdom." I'm afraid I destroy that rule somewhat.
I stand by my advice though. I look at it in the long run, if I had bought extended warranty on every piece of electronics I have bought in the last few years, I probably would have spent enough money to buy a good used car. Where as I have had almost no troubles I can think of that make me wish I did buy it.
Well, OK my PS3 remains broke but even if I have to buy a new one, that's 300$ vs. the thousands it would have taken to cover all my electronics to be safe for that one item that does go bad.