"Worth it" is one of those assessments that is rather dependant on your financial situation and how much value you place on your time spent doing photography. However, the 170-500 is long discontinued ('04ish I think) by Sigma and the reviews don't seem to be glowing. I'd say it's definately one of those situations where, in the long-run, you'll be more satisfied spending a bit more even it means being patient and saving.
Sigma has since come out with a 150-500, 50-500, and two 150-600 lenses (Sport and Contemporary). The market is flooded with Canon 100-400 mkIs. It's definately been an interesting 12 months in the 'affordable 400mm+' market.