I took the best of both worlds.
I have my Dreadsteed for when I'm NOT doing BGs, and I have my War Ram for when I'm in BGs.
Seemed like an easy option to me. I mean, farming honor in Alterac Valley tends to build up your AV tokens anyways, may as well blow them away on something useful, lol.
Though to answer the questions, Yes. I have a Dreadsteed and I've never regretted getting it. It was rather fun to run through Scholo with my warrior friend and going with another warlock I ran into on the trade channel into DM west with a group to get our dreadsteeds. A magical moment that was. Nearly a disaster though. We wiped JUST as the ritual ended, so the ritual went through and we were able to resurrect, heal up, and fight the horsie :D