I'm gonna do what I did w/ my MBP, wait till the last minute b4 I buy AppleCare for it. I do this because I want to see how much they are going for by then, with and without the insurance. If the market value is good, I sell it!
I have a feeling by the time 1 yr is up, iPhone2 will be out. And i'm guesstimating that the iPhone will be worth half its original value.
If you think about it.
Mbp: ~2k, AppleCare, 250. %= 12.50% value of MBP
iPhone: ~650, AppleCare, 69, %=10.6% value of iPhone.
Yes, I'll buy it!