sreeb, the cost of replacing the controller was $900? You can get a brand new IntelliFlo VS 3050 for <$900. So why pay that much to fix a controller when you can get a brand new one for less?
I have an IntelliFlo and I think it's totally worth it. Before I switched over to an IntelliFlo, I had a regular 2HP pump. It saved me a lot of money from my old 2HP. W/in the last 2 years, it more than pay for itself. I run it on low speed (equivalent to 3/4 HP) normally, and when I need to clean the pool, use the spa, I will crank it up to its max power of 2HP. At 2HP, it was almost as loud as my old 2HP, but in normal everyday use, it was whisper quiet. It was also easier for me to keep the algae away w/ the IntelliFlo, since I can run for a longer period of time w/out worrying about sky high energy bills. Stagnant water and hot summer days will make it very easy for the algae to grow.
Also, if you look at the price online, the difference is not that big (IMHO). a 3/4HP pump goes for around $500 and a variable speed pump goes for ~$900. I save at least $100/month during the summer, so my IntelliFlo more than pay for itself already.