Hi Grimlock,
Jill from SquareTrade here. I could go on and on about how great I think SquareTrade is, but I also know that since I work for the company, you should probably take what I say somewhat with a grain of salt. However, look what our customers are saying about us.
SquareTrade Inc Reviews. Buying guides & consumer product reviews at Epinions.com SquareTrade Customer Ratings, Reviews and Prices at ResellerRatings SquareTrade Reviews at NexTag.com
And you're right, one of the best parts about a SquareTrade warranty is that you'll get cash back if your item stops working (and can't be satisfactorily repaired) -- meaning you can go out and replace it with the latest and greatest or do as you please.
Good luck with your decision!
Jill