So is the cost and trouble worth it?
Yes.
The whole purpose of Fashion Week is for designers to showcase their latest merchandise, so that guests like large retailers and big couture clients (usually celebrities or socialites) have a chance to check out the latest designs and to place orders. Fashion shows during Fashion Week are covered heavily by the press, which rapidly gets a designer's brand onto the forefront of frivolous fashion lover's minds. With the right guests, designers can earn the business of major fashon-forward retailers ($$$), and can also have the chance to sell a design to a big name with a lot of fans.
All in all, fashion shows get the word out. Good review or bad review, at least people are talking about you.

One example of a celebrity rocking a design from the runway: Leighton Meeter in a Michael Kors dress from his Pre-Fall 2011 Collection (at the premiere of her movie, The Roommate)
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