Agree with much of your thoughts.
And just a reminder about the non-stop WDW investments (thru Tron anyway)-
I had put this list in a different thread back in Oct., I may have even missed some, but when you see what's been added over the last decade or so, it's a pretty impressive list. Perfectly acceptable to have a pause after all this, especially when you throw a once in a century pandemic into the mix.
Pandora
Toy Story Land
SWGE
Skyliner
New Fantasy Land
EPCOT Makeover
M&M RR
Remy
Tron
Guardians
Starcruiser
Riviera
Space 220
Connections
Countless restaurant, room and hotel makeovers and additions
etc. etc.