Hi Ian,
we have used it a few times. It was a lot cheaper and included more so I guess I would have to say it's not as good as it was in my opinion but it would depend on how much & what you like to eat.
If you are going to eat in WDW all the time and want/like a sit down meal every day and would also buy a counter service meal every day then I would say go for it. We don't eat out side of WDW so for us, the dining plan works out cheaper than £.
It no longer includes the tip though which for me is not so good.