I have mixed feelings if it is worth it.
For
you get the whole family in lots of pics
You can customise with Disney borders
Photographers everywhere and usually no wait.
Against
Photopass website was a nightmare, so slow at times kept logging me out and having to restart, ended up with some pics duplicated upto 7 times because of their site.
Price $150, although codes have been available in past few years, we paid $100
Delivery fee of $17, some say $10 now so not sure.
Quality of many pics, looked good on website but when arrived and blown up many out of focus. I suggest doing way more than you want even if you are getting exactly same shots.
For me I spend a fortune on cameras, we take 4 with us, compacts, underwater and SLR. I like photopgraphy, from past 7 years almost 30,000 pics on my harddrive majority from Disney so I am not without some great Disney pics, the Photopass is just something a bit different. If you are not into photography I would say its worth every penny.