To be honest, I would be very surprised if you could get accurate waveform measurements and representations at 1 MHz with those cheap scopes! But yes, it definitely depends on what you expect to use it for. If you plan on using it for an extended period of time, then it would definitely be worth buying a real scope.Well, yes... there are scopes, and then there are scopes... I use mine for digital circuits that never work at more than 32 Mhz...
For telecommunications one would need a scope in the Ghz range, for instance... I guess it all depends on the use...