When I joined it a month after it was announced, I was hoping that as a member, there will be perks that are exclusive to members, AND, not require that we buy anything. Don't get me wrong, I'm all for buying exclusive merchandise and stuff. But I also want something they will GIVE to members, or have events that are exlusive to member that they won't charge an arm and a leg.
I think my question has been answered with the recent announcement of the summer events for members. They certainly has lined up many FREE events for members (unfortunately, the timing is all wrong and I can't take advantage on any of them). But if this is the beginning of what they will continue to do, then I'd say the membership will be worth it in the long run. They are certainly going in the right direction with it by offering quite a number of events that die-hard Disney fans would want to do and see.
I hope they continue to offer more, especially around the Holidays, since I will be at WDW at that time! 
Zz.
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No longer an active member.