There is so much else in the world to view, with binoculars, and when you have a pair that feel perfect in your hands, fit and function wonderfully with your face and eyes, focus practically effortlessly, and present an image that amazes you with it's clarity, sharpness, and color quality... that alone provides a wonderfully gratifying experience. Even if you're looking at cacti in the desert, whales in the ocean, race cars on a track, architecture, night time vistas in the heart of NYC, or the moon on a full moon night like tonight.
As you step up to binoculars made with greater mechanical precision and incrementally finer image quality, the point of diminishing returns definitely sets in... but even the relatively small diminished returns can be quite sublime.
I am in no way encouraging anyone to spend what they can't afford. But for those who are able to afford near-alpha, or alpha grade binoculars... yes, they are quite an enjoyable treat - even if you could identify the same bird with a $300 pair of 10x42s.