Agreed. My V1's directional indicators were totally worth the extra money. I could have a 4872398423-band Cobra from walmart for $99.
I did keep track of the number of tickets the V1 saved me from, up until it'd paid for itself twice. I'm not talking "oh, that cop I see has radar on" but "Where's that radar coming from, oh, shit. Motorcycle cop hiding crouched down between jersey wall" kind of saves. I would have gotten at least 7 tickets on my cross country trip had I not been using it. The best part is the bogey counter, cops aren't stupid, and I came across a lot of gas stations out in the middle of nowhere with a cop sitting somewhere nearby to make use of the false-alarm.
It's all a matter of how you drive, for some people, slamming on the brakes whenever they hear a beep is enough warning. Personally, I like to make visual while I'm downshifting.