In my opinion, yes. Collector's Editions are worth it.
...What? Oh, alright. I'll explain.
I've played games since my first console as a boy, the Nintendo Entertainment System. I remember the days of sliding a brick-like cartridge into the console, pressing the game down, closing the lid and hitting the power button.
Since then I've played a lot of games, I've seen a lot of good ones, a lot of bad ones, and been tempted many times by Editions of games that have content within a box, for instance; statues, in-game content, or even replicas of weapons from the game itself. ( Gears of War 2, for instance. )
I remember buying the giant sized box for the Legendary Edition of Halo 3.
I ran from shop to shop trying to find the Edition, I spoke to every shopkeeper, every staff member in every shop around and when finally I asked at one shop and had the reply that they did in fact have the Edition, they had one left. I couldn't hand the money I'd saved for months to buy it and within five minutes I walked out with the box filled with glee.
I felt like a child on Christmas Day. I had finally found it!
I spent the next few hours admiring the gorgeous orange vizor of Master Chief's helmet, sat upon the stand with the number "3" crafted onto it, and even to this day as the helmet sits above me on the shelves above my desk I still feel happy knowing I was able to get one.
That is what it is all about, it may cost a bit extra, some people may think that I'm a bit of a nerd, or a geek for willingly spending more money on a piece of plastic but it's not about the statue alone it's about the feeling, the one I still get when I look at the Collector's Editions I've picked up over the years, from Halo, to Gears of War, to Fable. The feeling of excitement.
While people may think that it's a waste of money, I disagree. I think it's worth every penny.
If you took the time to read this, thank you.