So this is what I can grasp so far...
Me and FH would pay each $37/day and we would get 1 Table service, 1 Counter service, 1 snack...regardless of what the costs of each meal are? We would never have to actually fork over money to eat?
Now, if say our TS equalled $100 for us both normally, we would still only use one TS credit?
I find this hard to believe Disney would consider losing all this money.
Me and FH would pay each $37/day and we would get 1 Table service, 1 Counter service, 1 snack...regardless of what the costs of each meal are? We would never have to actually fork over money to eat?
Now, if say our TS equalled $100 for us both normally, we would still only use one TS credit?
I find this hard to believe Disney would consider losing all this money.
It does seem too good to be true, but you're right. You each get 1 CS meal(an entree, dessert and drink) 1 snack (such as a drink, popcorn, ice cream bar, bag of chips, etc.) and a 1 TS meal (appetizer, entree, dessert and drink). You are not limited to what you can order from the menu, except for add-ons such as crab legs. The only place I am aware of is Planet Hollywood that has a surcharge for items over $22, but there is only one entree that applies to. I loved the DP!!! It is a lot of food, but it was delicious!!! 
It's not a good deal for parents of children aged 10 and up though. If I were going in an adult only group or if my boys were younger I would jump at the chance to use the plan.
but I appreciate the info...
Yes, it's the exact same as the package deal except you don't need the park tickets. 