I have an iMac G5. It’s a couple of years old. The logic board died as a result of a known Apple defect. Apple actually covered this defect by an extended warranty: http://www.apple.com/au/support/imac/repairextensionprogram/. Of course, I am 5-6 months beyond this warranty. I would understand if it’s a warranty from other things, but this is a well known defect that they will not cover. An issue that is their fault, not that of the end user.
There are some online petitions regarding this issue, and I’m too lazy to post links to them. Apple: if you created a bad product you should fix it, even if it’s just a few months after the warranty is up. It’s good business. Was I asking for something for nothing? In a way, yes. Was it a reasonable request? Absolutely.
Will I recommend an iMac to anyone anytime soon? Absolutely not. I like the longevity of Apple products, and obviously this particular one was not made to last, or even to be fixed if it does last.
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