I agree with you in that the price needs to be within our budget to go. I certainly don't feel that WDW owes me anything in regards to a discount, however if there is not a significant discount during the value season I will just cancel my reservation and hope for better days ahead. Like you, I have my resort and dining reservations made already (they were made on 180+10 days out) and they will all open up sometime in July if there is no free dining. There's nothing stopping me from doing that and in fact, WDW has encouraged it by setting certain expectations over the past several years. Being a family of 6, we don't fit into the mold of the typical family of 4 that many vacation packages seem to cater to...so the room discount for us is not good enough to entice us to go.
We have already priced out an alternative vacation in FL basically hitting everything other than WDW and it would come out to about the same price as WDW with free dining...so here's hoping we don't have to change our plans