There are a lot of benefits on top of the 4 lounges.
Quite true. If they follow the Disneyland model, a WDW Club 33 member will receive Premiere Passes for each member of the family, five 8-hour VIP Guided Tours per year to use for themselves or gift to friends/family, seasonal after-hours parties for members-only like the Disneyland Jazz Festival, etc., presentations in the club by Imagineers and Disney Legends, seasonal backstage tours of rides and otherwise off-limits facilities, and every time you go to the parks (even if you don't dine in the restaurant or visit the two cocktail lounges) you get 50 open Fastpasses you can use or give to friends/family, etc., etc.. It's an impressive list of benefits.
There is food at the 2 story MK location, but not sure at this point how comprehensive the menu will be.
If it's a cocktail lounge I'm thinking tapas, small plates, or appetizers. It just sort of boggles the mind to think they are rolling out a "Club 33" and somehow have eliminated the entire reason for Club 33 to exist; a fancy dining room serving five-course gourmet meals and fine wines.
I'm going to be fascinated to see how this rolls out and goes over with folks, especially those who may be familiar with the 51 year old concept at Disneyland.