I'll buy a CE depending on what comes with it. I usually prefer "making of" DVDs to action figures and useless chochkes like that. Some CE versions that I was happy with: Oblivion for 360, Halo 3 CE (NOT Limited edition with dumb helmet), Mass Effect Limited Edition. Also looking forward to the Metal Gear Solid 4 limited edition stuff - "making of" videos in hi def on blu ray, access to online beta, and a disc recapping the story of the entire Metal Gear saga. No useless chochkes.
Here are some poorer versions that I wasnt happy with: Bioshock (the Big Daddy figure is cool looking but useless, the soundtrack disc was garbage - does anyone listen to Moby anymore?, and the "making of" video was so poorly produced it seemed like one of the game makers said "Hey, i can edit video and do the making of video" and they just let him do it on his own time), Grand Theft Auto 4 (sorry not interested in a useless lock box and duffle bag especially for $90).
As far as DLC goes, I am very hesitant to buy any on Xbox Live because of its broken DRM system. But for PS3 and Wii, if the content seems like its worth the price i'll buy it. Good Examples: Warhawk Expansions and updates, Oblivion main expansions like Knights of the Nine etc (not the horse pack thing). Bad Examples: Guitar Hero 2 for 360 - forced you to buy songs in packs of 3, Microsofts Digital Rights management system in general - its BROKEN!
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