Nope, just look at the 2011 15" MBP with it`s disintegrating GPU, As for AppleCare it only covers FAILURE so if your going to spend money it`s smarter to buy coverage that also cover accidental damage.
In some countries Apple and others are compelled to repair up to six years on Notebooks. One would think a premium product such as a MBP would by default have extended cover, nope Apple will only give you the minimum legal requirement same as the cheapest PC and that`s something worth thinking on.
I love OS X and like Apple`s product, equally Apple is very smart at blinding people and some of the stuff they do plain sucks. I`ve never had issue but it`s obvious many especially now with the 2011 MBP dGPU debacle...
Q-6