NO its not worth the price, but we dont have a choice, you cant play against friends without paying, maybe if it was half the price it was now i wouldnt complain, and its certainly a much superior service than what PSN and the Wii offer online, however im not saying its expensive i just think in comparison to the the likes of Steam ect its overcharging for what its offering.
When Microsoft offer things you cant get on another platform, like IPTV ect, ask me again, i think the little difference between Live and PSN doesnt justify the price yet.
Maybe that will change i have no idea, the way i see it is microsoft seriously need to offer something big nobody else does.
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