It's all perception. It makes people think they are getting a bargin by purchasing multiple day passes and park hoppers. WDW tries very hard to make themselves a multiple day resort, not a day trip.
If park admission was $114 a day - for any park, then I would go very rarely, and when I did go it would be to go to one park (and definately not DHS right now) The day would be planned, and I would go from rope drop to closing. I would spend the majorty of my time "getting my money's worht" by going to attractions, and long wait times would make we rethink going at all. There would be no sit down dinners, no two hour character buffets, no browsing in the vairous shops and finding some expensive item I had not planned to buy. It would be rides, shows, and a $12 hamburger.
WDW wants people to stay and visit multiple days. It makes them a lot more money. By making the one day rate insane, it drive people towards multiple day tickets because of the "discount".
So, no, DHS is not worth $114 a day, and in my opinion NONE of the parks are, in the current way I visit them. If ANY park was $114 a day, the wait times would become MUCH more of an issue to me.
-dave