I have gotten same day turn around for a trackpad problem on my current MBP. I know others that have gotten similarly good service for their own devices.
Have you ever tried to claim the warranty from other companies? If you rely heavily on a piece of equipment, $350 for really good support is a bargain.
The fourth year of AppleCare now costs 2 grand since every MBP will now self destruct in the fourth year :)