Having one supplied right after you buy a new home is ok. Seller usually throws it in but even if they don't I can see a market for it. Lot's of times you drop a big $ down payment and after moving and everything else involved with getting into a house the last thing you want is to get saddled with a big dollar replacement. Best to look at it as catastrophic coverage.
That being said, it's much better to start setting aside money in case you lose HVAC than to go with a home warranty.
Of course, it's easy to say that when it's not my money. Money and savings is a very personal thing.
I say HVAC because in many cases that would be the most expensive item to fail and need replacement at any given time. If you have enough to cover that, in a pinch you can likely cover anything else.
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