HELP!! Should I Keep Extended Warranty?

I have a quick question.  I bought an 02' ecipse GT at the end of December.  At the time of purchasing, I was offered a 3 year/36000 mile warranty for $1200 that covers engine, transmission, and all the basic equipment including the AC.  The car is in perfect condition, but it has 60,000 miles.  I got my timing belt replaced today and the mechanic said he did not see any problems and it seemed to be taken care of very good.  I know that it is a game of chance, but since I do not have a lot of experience with Eclipses, is the extra warranty woth it?  It is likely that before 96,000 that something could go out.  Any help would be greatly appreciated, I have 7 days to return the warranty for a full refund of $1200.