My own personal, internal argument for going with in-body stabilization was the fact that I would not only have all of my lenses at any price range stabilized, but also get stabilized primes that aren't even available in-lens from any manufacturer. That worked for me - even if the in body stabilization is only, say 80% as effective compared to the best in-lens systems, it's 100% better when compared to a lens that doesn't offer stabilization!
Is it useful? Depends on your photography - it is massively so for me. I shoot lots of wildlife and birds with very long lenses...no way in the world I'd be able to get clean shots when my shutter speeds are barely scratching 1/200 at 500mm at dusk...stabilization makes it possible. Same with handheld low light shooting, which I do a lot of. Be it in-lens or in-body, I love stabilization.
Your agony over deciding brand is your own thing to decide - so many brands out there and all make a great camera. But just to throw in my personal experience since you spoke directly to the subject and camera - I replaced my Sony A300 with a Sony A550, and the noise handling is many orders of magnitude better. And regardless of which online test rates *this* camera better than *that* camera, to be perfectly honest the average person would be hard-pressed to find the difference in noise sensitivity, detail retention, or noise reduction smearing in a normal, real-world photo taken at ISO6400 between the D90, D5000, KX, A500, A550, 7D, or T1. They're all good, and they're all close. The differences are quite small, and only really when looking at 100% viewable blow-ups on a monitor. I think it gets a little silly when everyone is trying to split hairs to find some incremental advantage of one over another at 100% pixel-peeping levels, unless you were a professional stock photographer trying to sell low light ISO12800 photos to stock agencies and needing every last possible pixel of detail and less noise. But hey, that's just my opinion! What I can say is that the A550 is killer at high ISOs, and what I would deem entirely usable at ISO6400, even ISO12800 in a pinch. It's easily 3 stops better than the A200/300/350.
Just for examples (and these were just test shots I took, not anything 'artistic'), here's ISO12800 with the A550:
Here's ISO6400:
And a few 'real world' shots at ISO6400:
BTW, those are all shot in JPG mode in camera, not RAW conversions. I personally consider those pretty usable and low noise. I think one could get the same types of results with any of those new cameras I listed above. But probably not with most older models. Those are my points though - the new batches of cameras from all the manufacturers are quite amazing, and that the Sony A550 should definitely be on your short list if you hate noise and want to be able to shoot at high ISOs.
