Place yourself in this scenario: you don't get to play a version of the game (demo, beta, etc.) before it's released and therefore get a chance to judge the game for yourself. Say you've seen some gameplay, and it looks good, but you're still not quite sure. Based solely on your opinion on Bungie as a developer and their past successes and mistakes, would you be willing to spend the extra cash on a limited edition? I realize there might be some bias, since this is Bungie's website.
I personally would, as to me, Bungie has proven themselves to be a developer that is extremely passionate about the games they make.
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I wasn't very impressed with the other collector's editions or limited editions of any other Bungie game I've purchased. Unless they throw in some very compelling things, I'm avoiding it. Might even wait it out just to see if the community ruined this next game like they did others.