Of the 3 Parks Not named Disney, Knott's benefited the most. Their passes are beyond reasonable. They have a Water Park, for anyone who's interested in that. You get a great deal with the meal plan if you visit often. And it's a couple miles from Disneyland, so for anyone in The O.C. who wants to have an Annual Pass, Knott's is where they'll go.
Sure, people will run back to Disney, whenever they come out with their money sucking, better for them than for you, "membership" program. But a lot won't. So my guess is that this, unfortunately, is the new norm. I guess I don't mind because it's such a good deal, and I'm always able to do a couple of fun things each time I visit. And I'm hoping that after September, it will ease by a decent amount.
But if you are going 1 time, I would strongly consider investing in the FastLane. I think right now given no program at DL, it's much, much worse for single day ticket buyers so far as wait times go. Making FastLane almost a necessity.