My personal feeling is that you should pass on spending the money to extend the warranty on any product. If it is manufactured well with quality parts by a quality label, there is no reason to voluntarily GIVE MONEY AWAY.
DON'T DO IT!
Check out this article in the February 10th issue of Parade magazine:
http://www.parade.com/articles/editions/2008/edition_02-10-2008/Extended_Warranty
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