I don't have much to add here that hasn't been said.
i think it's worth it to some guys, and not so for others. it really adds performance levels to the long bows, and recurve as well depending on the type of carbon used and where it's placed in the limbs.....the thing it does for recurve bows that makes it a good choice for target shooters is adds serious torsional stability.
in regards to Harrison's statement about carbon having less compression strength than glass... Well this is actually an incorrect statement, it's just the opposite. but.... the results he described in his book is right on the money.. The stuff is so strong, It doesn't compress at all... it literally shears the core it's glued to if the core isn't stout material.
they have some great carbon lay ups available, like Steve was describing. it's a "Carbon Matrix" that seems to be the ticket. a mixture of unidirectional and Bias weave.... they even have recipes with E-glass laid up with the composite.
The geometry of the limb has a whole lot to do with it too.... some designs work well, and others don't.
Hey Jared, Try laying one up putting your belly carbon over uni-weft or .020 glass. I've had excellent luck doing that on my long bows...
Beware though... the poundage really jumps up putting the carbon on the outside of the limb, vs under the glass...a lot more than you would think too.