Is getting a warranty for a HDTV important?

Im about to go buy my tv Sony 50" SXRDTM Widescreen HD Rear Projection TV but I wondering if I should get the warranty that comes with it...A 5yr entended warranty for 429.99$. Thats seems pretty expensive considering the tv is about 1000$ itself. Is getting the warranty important or the tv wont break in 5 yr and the warranty is just a way to rip ppl off?

Getting an extended warranty at 50% of the product cost is *NEVER* worth it.

You get the standard 1 year manufacture's warranty with the purchase. In addition, if you buy it with a credit card, your credit card company will add an additional year to the warranty absolutely free.

Bottom line: no extended warranties

Just came back from the store. Had a nice salesman who gave me free shipping and a free year of hd televison. He told me to come tomorow, and im going to use my brick card since I dont pay until 2009, so I wont get the extra year of warranty but it's all good. Thx for the help