Worth it. But something I mention when I talk to people: it is not for everybody. Flyboy, if you want the military flying life then you should try to get there. But if you want certainty, then don't get involved and blame the military if it doesn't work out exactly as you hoped.
I know guys that flew all types and loved them. I know guys that flew all types and were not happy, got out as soon as they could. It's probably like that in most jobs.
I'll go back to your question: "Was the whole process of becoming an officer with the amount of time it takes, OCS, API, intermediate flight training to finally get to a squadron and fly every few days for an hour worth it?" I'm with cosmania - worth it.