I am not disagreeing with you, because I believe the price is steep also.
It does include 4 meals. That is worth something, call it $10/meal, so the entertainment is worth $45?? Maybe?
My biggest complaint is the way the camping is done. I have no idea, even though I paid for camping, if I am able to hook up my trailer. Not that it is that big of a deal, but maybe I will bring the old mid 90s Onan, instead of the inverter, and park it right next to whomever makes the rules for the tickets.
I look at the FTF fest as you have to do it once. And I have not done it yet. So this is the year.