rook2c4 wrote:
A few years ago I bought a gray market Nikon D40. I knew it was gray market at time of purchase, but the price was so low, I was willing to take the risk that comes with gray market purchases. So far, no problems with the camera. Unlike some photographers, I don't abuse my equipment. When it eventually dies, I'll just toss it without regrets. It has served me well. At this point, it's not really worth sending a D40 out for repair anyway.
And that's pretty much the only realistic attitude. The quality of the grey market product is normally good but if it goes toes up, you have to be willing to treat it pretty much as a throw away. How much risk is a buyer willing to accept? Buying grey isn't dumb or misinformed, but a personal call based on buyer's perception/understanding of the odds.