Yes it is very much so.
I have a first generation macbook(1.83Ghz core duo aka the cheapest available laptop from Apple at the time. Bought it July 06). Almost 6 months after I bought it my battery went out with some really odd problem and casing were turned yellow(Known issue). Apple replaced both of them with no charge the warranty covered it but the cost of not having one would have been like $500(that day I bough the extended warranty). Then I got it back a week later, and a few days after I got it back cd got stuck in my slot loading drive(I have a feeling that the when they casing didn't something). I didn't see my macbook for about a month, after I took it in. I am not sure if they could figure out the problem, but it got shipped back, the receipt showed that they changed the logic board, dvd drive, the cpu, pretty much almost every major piece of hardware in the computer, once again no charge. They pretty much gave me a brand new computer, and I didn't have any major problems since. Also I took it in one more time before my warranty was up with a buzzing speaking, they fixed that and replaced the top casing(cracked a bit, my fault I take it to school and Im not nice to my macbook, even though I love it). Once again no charge, the apple care was well worth the money for me. I think Apple lost money on me with my macbook, but they gained a customer for life(or for the foreseeable future). The one reason I recommend mac is just how well they stand by there product. Yes I know it sounds like I had major problems, but it was the first generation of macbook's and I expected it. At the same I am become very attached to my mac as a result, we went through hell and back haha. Basically I recommend it greatly by experience.