I know ...I know a little overkill, but what the heck, that's what they're for, protection
I wouldn't say that is overkill. After all, can you ever really have too much protection? I know I, for one, find the line between caution and paranoia to be somewhat blurry.
That being said, there aren't enough people in my home to use that many guns, so I personally wouldn't have that many in condition 1. Although, some other people brought up some pretty good points about having different guns for different situations. I live in the city, so I don't have to worry about a bear in my kitchen, coyotes killing my chickens, or that pesky hog infestation; If I did, however, I would definitely have a few extra condition 1 long guns within easy access for my wife and I.