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Hmm...
Quake IV seems disappointing (at least on the 360). I've heard horror stories about jarring bouts of low framerate and poor performance (on both the PC and the Xbox 360, but more so on the latter since you can't lower settings to improve performance); uninspired, repetitive gameplay and storyline--basically, a highly anticipated title (it is Quake, after all) that doesn't make the cut.
The PC version was good, however, from what I've heard in editorials and reviews.
For $15.00, though? I'd hit that. Especially when you consider the fact that you can unlock and play Quake II with revamped graphics.