I won’t say “So what?”, because I agree with most of what you’ve written here, but for me, the value in absolute terms (not relative to other parks or Disney in past years) remains excellent. What I mean by this is that the enjoyment I get out of my trips far, far, far exceeds my perception of the cost, even if that cost has risen exponentially. When I consider all the other discretionary ways I spend my money, I can’t think of another that yields as much happiness per dollar. Granted, I haven’t been back since February 2020, so perhaps I’ll feel differently when I return, but I came away from my last visit so far from the “It’s no longer really worth it” camp that things would have to have shifted seismically for me to consider my Disney dollars not well spent.
That probably means I’m part of the problem as some people see it, but I have to be honest about how I feel!