I love my membership. I recouped over two times the annual fee with the savings from a single vacation, and based on the deals, I'd imagine that's quite common. I also love the restaurant benefits and that SELECT tends to only work with the best. When I'm in a city with SELECT restaurants, those are the only places I'll go. If you travel at all or live in a city where dining and nightlife benefits are available, membership is a no-brainer.
Bottom Line: Yes, I would recommend this to a friend