I have one for myself, and one for my wife, and find the $120/year a hefty price to pay for...email. It doesn't even include the registration of my personal domain, and it doesn't include web hosting. Google Apps is pretty nice, and it feels good to be paying for the product instead of being the product - though I am skeptical that my $10/month would let me talk to a human if something went wrong.

I'm considering moving; Rackspace has pretty good hosted email for $2/user/month. We use it at work - webmail is acceptable though nothing to write home about, and their IMAP implementation is solid so you can just use a client.

But you pay $480/year for 8 email addresses? Ouch.