Magic Trackpad experiences?

So...I hate the name "Magic Trackpad"...just getting that out of the way.

I'm currently using my MacBook Air as my primary machine, since my Windows 7 desktop is in the shop. Although my Logitech Performance MX mouse is perfectly suitable, I'm kind of missing the Trackpad experience. I've heard good things from friends about the Magic Trackpad, but I was curious if anyone here has tried them, and what their thoughts were.

The price seems a bit ridiculous for what you get, but I do really like Apple's laptop trackpads, and honestly I've kind of been looking for an excuse to get one. Would I regret splurging?