We just got back to our room. We got there and checked in around 8:30, did transit authority twice during fireworks then tried to do Buzz but it broke down then did Monsters Inc before 10. For the passholder night we did the following.
Winnie the Pooh
Small World
Haunted Mansion
Little Mermaid
Dumbo
Speedway
Astro Orbitor
It was me, my wife and 2 girls 5 and 1.5. We didn't want to split up at all for such a short time so we didn't do any "big" rides.
It was fun but if I had planned a trip around it (we were already here) I'd be super disappointed. We did 7 rides in 2 hours and we powered through them. We stayed late too, we were the last spin on the Astro Orbitor before it shut down. I think we got off around 12:30am.
To compare, we did extra magic hours on Wednesday from 11 to 1 and we did more stuff that night than we did tonight.
Only got asked to see our wristbands once and saw plenty of people without them all night. This event really needs to be 3 hours to make it worth it, and to have some special treats to buy. We didn't stop to get anything to eat because it was just the normal stuff we can get anyday.
Also the check in at the front gate was a joke, anyone could have gotten a wristband. The people handing them out were a good 15 feet away from where you check in and you didn't have to show anything to get the band.
My advice would be go to the event if you're already here and you don't have to change your plans to do so, but unless something changes I wouldn't go out of my way to go again.