Never heard of such a thing Doug - are you sure that's not a reseller thing?? or a misinformed sales person?
I don't usually buy extended warranties on anything and in all my years of owning Macs, I haven't spent the price of the warranty on repairs, so I think I'm ahead of the game.
Having said that, Macs like everything else have become more complex and expensive parts of them can fail like DVD burners etc. so I'm leaning toward thinking that Applecare is not such a bad investment.
Applecare from Apple is a different animal than an extended warranty from Best Buy for example. Make sure you're getting the real deal.
I have not heard of any Apple warranty where they come to fix it. I have seen lots of whining about people having to ship their precious Macs back to Apple for repair - Apple first sends you the proper box.
If you live near an actual Apple store, you can take your computer there for repairs I think. I just take mine to one of several authorized Apple repair people that I know.
This
forum and it's accompanying web space offers pretty solid Mac advice - sort of the RetouchPro of the Mac world - worth looking in to when you get your new Mac.
Before I forget, you don't need to purchase Applecare at the time you buy the Mac, you are covered for the first year and you can buy an extra 3 years any time within that first year - so if you have a bad feeling about your Mac after it's too late to return it, you can still get the extended warranty.
Take care, Margaret