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Excusable for "audiophile" purposes, such as finding the best-sounding pressing or trying to get as close as possible to the first set of stampers in the country of origin (all the while assuming your system is worthy of the time and expense involved).
Otherwise it can be ridiculous. Though certain reissues/remasters can be well worth checking out. And I guess these people have kept me employed for various stretches, so I can't speak too ill of them. I have a little bit of that in me, but I try to keep it in check. I would usually rather get something I don't already have with what little money I have to spend these days.
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