I've read all your follow up comments, and I understand what you're saying....to a point.
This argument has been put out in a million different ways in the time I've been frequenting these boards. Everyone constantly questions the "value" of certain things. The truth is that everyone assigns different values to different things.
Some people don't understand why any of us would choose Disney as a vacation destination year after year.
Some people don't understand choosing to stay on the property in cramped accommodations when you could rent a whole house for less.
Some people, even though they love Disney, don't understand spending the money to stay in a Deluxe resort.
Personally, I prefer waiting in a few short character lines in the parks rather than doing character meals, because I don't like to pay the price to go to a character meal and sit eating crappy food for an hour, while I wait for the characters come around. Most of the characters I like to see don't have their own character meals anyways.
When my kids are older, I'm sure I'll see a higher value with the character meals, because it will save us a bit of time, but it will depend on the particular character.
One of the reasons I prefer meeting the characters in the parks, rather than at meals, is the staging. When you take pictures with characters at meals, the backdrop is the restaurant. Many of the character meet & greets are staged for photos specifically.
For example, I did 4 character meals on my honeymoon. Two of them had Mickey, but I still chose to go see Mickey at his meet spot in the Magic Kingdom.
vs.
We stayed at Disney for 10 days on that trip, so there was plenty of time to see some characters and ride all the rides.
Basically, if the adults in line with you didn't think it was going to be worth their time, they would not have been waiting in line.
I have a friend who scrapbooks a lot, and she likes to put the character's autographs in her scrapbooks. It means more to her if it's an autograph that she actually got herself.