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markzero's point about first generation machines is well taken.
With the exception of Dells (and Apples), pretty much any non-trivial (hard drive, RAM) failure is a mess to get fixed even under warranty - you either have to give up your machine for weeks, or deal with the likes of the "Geek Squad"... Neither of which is a very good experience.
If you value your time at all, or use your machine to get paid, get the Applecare, period.
That is what Apple care is all about. Dell offers 1 yr phone support too. Why does Apple only give you 90 days? They don't seem to back up their computers very well. Not unless you care to pay for it. That to me is not very customer oriented.
Also, I worked as a member of the Genius team for a few years at Apple. We could usually get repairs for free and just pay for the parts. Thing is, unless you just need a cable or something (unlikely) the least expensive parts cost quite a bit. Take my word for it, AppleCare is more than worth it.
Also, esp. for laptops, if you sell one to upgrade in a couple years, you can usually get a good bit more for it if you have AppleCare because the buyer knows they will have the security of a warranty. I just sold an almost 3-year old iBook for $600 because it still had 6 months of AppleCare on it.