$80 for tech support, extends the warrantee to two years, and it could be bought anytime before the one year warrantee expired. Not fantastic, but better than most other extended warrantees; Which I admit, I almost never get.
The new AppleCare is much nicer. No question about that. But there's another $50 to consider if you actually need it, or another $100 if you need it twice. Considering that, it's not quite as cheap as it sounds on the surface. That's only about half off a typical repair cost for an iPad.