TEP is worth it in my opinion. I have used it multiple times in the last 6 years to get replacement devices. Especially when I burned through 4 Palm Pre's. Not having TEP would have caused me a lot of heartache.
Since Sprint did away with the yearly upgrade for Premiere Customers it has been my saving grace. I decided to switch from the OG EVO to a Nexus S, and I rolled the dice and bought a refurb unit off Ebay. It turned out to be a turd, and since I had TEP i took it to a Sprint repair center, they tested it (it failed a few tests) and they gave me a new phone. So basically I got a new NS4G for the Ebay price of $200. That's about a $400 savings just on that phone. And then I had the EVO that I handed down to my son replaced since it was on TEP, so, yeah, it's been a good deal for me.
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