I'm one of the (hopefully) few people who had an aperture failure within a few months of having the camera. Despite the warranty service being horribly bad and how early the item broke, I am still on the "recommend" boat. The main reason is because the price/performance tradeoff is great. It takes as good of pictures as many more expensive cameras, and the weatherproofing is great. I've taken photos in downpours without a worry. Dust or sand? Psh. Having a good yet (relatively) inexpensive camera that I can use anywhere is such a wonderful feeling.
As for people suggesting extended warranties, I recommend you look at your credit card before you purchase a 3rd party one. My visa signature card doubles the 1 year warranty for free, so effectively I have a 2 year warranty. Is it worth the money to extend the warranty one more year beyond that? That's up to you.
P.S. Some may ask if my abuse of my camera led to it's early failure... and my comment is I don't think so. The warranty service found the camera had no water or physical damage and this failure is a very common issue (with respect to types of failures).