Extended Warranties?

[busman]

I notice that several on line sellers offer extended warranties that would cover the second or third year after the manufacturer's one year warranty. With many purchases, I think extended warranties are a waste of money, but with some portable electronic devices, they might be a good idea.

I'm new to the MP3 player thing, but I notice on the forums that some people think an extended warranty might be a good idea with a HD based player, but not needed with a flash player like the P2.

What do you think?