yes it is.... well, at least if you're buying the big ticket items that is...
i'm not sure about the market prices back home, but i bought my 5d 1 year back for around 4300$ with a bic camera 5 year 1-1 exchange policy.
I guess it's worth it if you frequent here often as the lil nick nacks are indeed cheaper. (ie: BP 511as, L37Cs, etc etc... )