What is the status of the on-ride photos? It was reported last summer that they were beginning to add them over the next year. Supposedly Test Track was first up.
If and when Ride-Photos are included, yeah, the Photo Pass CD is an even better deal. We've done it once previously (when it was $99) and were very satisified because we took full advantage of it. I believe we had over 300 photos. Not all of them were great, but we had more than enough great ones to fill every scrapbook, slide show, and photobook we wanted from our choice of printers once we got home. In fact, it was months before we got to emptying our own personal cameras.
It's funny, because before I never considered buying the individual ones (they are just ridiculously priced) the CD seems a great value to me because you own the photographs and can do what you wish with them. Again, though, the time we used it we made sure we had them take lots of pics - why not, since it's essentially AYCE (and no calories to worry about LOL).
Now that it's $125, we'll only be doing it on the next family trip if there are at least some on-ride photos available. Those would be worth it for us, but we don't feel the need to take massive amounts of pictures of the same things every single time, so we probably wouldn't use it enough otherwise. Heck, even if just TT and say ToT were available as CD pics that would probably be enough for us - we are suckers for those pics.
Like anything at Disney, it's just personal choice depending on your habits and needs. It is a big expense, but I think the best thing about it is that you don't even have to buy it until you get home (and it seems with the new system as described above where you can edit at home and save both versions it's even preferable).
I could see criticizing Disney over Photopass if you had to pre-pay before your vacation for an unknown quantity and/or quality of photo, but Disney gives you every opportunity to review them both on-site and at home before you make your purchase. I don't see how they could be any more accommodating about it. They show you exactly what you are getting before you pay, and it's up to you to decide if it's worth purchasing or not. If you don't take full advantage or simply don't review carefully enough, it's really hard to blame Disney for it.
AEfx