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Tell her you feel guilty and, although you LOVE your gift (emphasize this), don't want her spending that much money on you.
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No. Do not tell her you are feeling guilty about the gift. Thank her and then enjoy your present. She likes you alot and she shows it by getting you exactly what you wanted...so stop being weird and be thankful.
Which option will bring out the most good? I'd say option 2. I'm with Hobbit though definitely EMPHASIZE how much you love it. What's done is done and just accept it and don't make a big deal out of it. She obviously wanted to make you very happy and to make her very happy about her decision to buy that for you, you best show it
