I agree with the OP, that the value is still there. I also agree with the concert ticket analogy. I just returned from a 5 day Disney trip, and when I bought my 5 day park hopper, I didn't have sticker shock at all. True, I'm only paying for myself and my family/friends pay for themselves so i'm not paying for a whole family. But as far as concert tickets go, I have tickets to see J. Lo, Aerosmith and Madonna later this year and each one of those tickets were $300-$400 a piece. That's almost what I paid for a 5 day park hopper. Also, one day for me to go to NYC to see a Broadway show is about $200-$250 (including the ticket fee, train ticket and food). At Disney, i'm getting 5 days (at 4 parks) of rides, shows, characters, parades, transportation to and from parks back to our resort by way of boats, monorail and buses (and walking distance) compared to a 2 hour show where I need to pay for parking as well which usually runs $30-$50 depending on the venue and of course, the artist doesn't provide transportation for me. While it's true that you need to work hard to get in all of the rides now due to increased crowds, it can be done and if you are good with the app, making fast passes throughout the day really works well. We do not get up early and rope drop (every day, at least) but we do enjoy staying late and utilizing EMH at night. Again, i'm speaking as an adult who goes with other adults (family and friends) and we pay for ourselves. There are rides in each park we don't do anymore or don't care if we only do them once in a while, but they are still there as options even if we are tired of them or they aren't thrill rides - they are still operating and part of the price.
The resorts are expensive but with the discounts I haven't been priced out yet - but if I were to be "priced out", i'd just go less to have time to save more.
There are things I wish would change and I remember the glory days of the Disney in the 90's but I still feel the parks are money well spent for a Disney fan.