I certainly couldn't tell you that you're wrong, but I still think Disney represents a pretty fair value, despite the price increases...perhaps even TOO good of a value. All day fun in any city is going to run several hundred dollars per day to eat, sleep, and be entertained.
Unfortunately for Disney, I believe times have changed and people actually go on more vacations than ever. Disposable income is at an all time high, flying is the cheapest it has ever been, and with all the competition and options available, people are travelling whether or not they can afford it. 50 years ago, people rarely if ever went on vacation. My mom remembers 2-3 "big" family trips in her life. Disney is competing with all travel destinations including other theme parks, resorts, and even major cities.
I may get roasted myself, but I have found myself wishing they'd consider RAISING the price to get to Disney World to cut down on crowds and raise the class of people who can attend. It's currently overrun by people who really can't afford to be there, but it's cheap enough to entice them. Disney can't afford to cut out a huge demographic, so you see more budget hotels, group rates, and discounts. I'm actually for removing all those discounts, raising the quality, and raising the prices. I'd argue part of why Disney has not captured its old magic is that they've made it too cheap and attainable to any family. They are catering to a huge spectrum of families and jamming as much as they can into their parks. You can clearly see the slow erosion of quality because of quality of clientele, overly crowded parks, and a "get em in, get em out" mindset.
You lower prices and you'll see an even faster decline in quality and more unmanageable parks. I'll take a high end experience with better clientele over a state fair experience any day. Disney is moving toward more of a state fair experience and it's hurting the quality. I can't say I blame them and I know why they do it, but they could improve it by raising prices and increasing margins. Fewer customers with higher margins. That's hard when you need that mass appeal from your cheaper channels like movies, TV, and merchandise. Everyone needs a chance to go to Disney is the mindset now.