we kind of did it for fun :P DS likes test taking, gets satisfaction from excelling on them (high honors for math & verbal) and I figured it couldn't hurt to have more "proof".
It has good street cred' apparently. I was signing DS up for SIG camp last minute and they were happy to have his CTY testing for proof of eligibility.

Also, there are courses besides the summer camps. DS wants to do a weekly competitive math interactive class through CTY. I haven't looked at too much of what they offer yet besides that ($$$$)