I was going to try and come up with my own well written point of view on this topic, however, Donheff did it quite nicely in his post ("41).
+1
This is not the first study I've heard about making a similar recommendation. The cost in the cost/benefit analysis as I understand it is not so much about money as about pain, worry and reduced quality of life resulting from unnecessary treatment and invasive testing following elevated PSA readings. I plan to tell my doctor that I don't want the PSA test, but I will take his opinion into consideration.