I think the lower quality thing is the most subjective part of this conversation.
In all these pages of "attendance is lower" discussion, no one, except maybe that ONE person, tried to imply that the experience was really worse.
When I suggest that Disney doesn't think their attendance is a problem, that is to also suggest that their guest satisfaction numbers haven't moved much to force them to make any meaningful changes. In fact the discounting would definitely lead me to believe that price is really still the number one factor when determining intent to return.