I'm back and I must say the cruise was a highlight of our trip!! My normally very frugal DH couldn't believe it only cost $89 to experience such magic. (For 2 adults and 1 child)
Much like mtbmom reported, you meet on the 2nd floor of the CR where there are snacks (bagged peanuts, smartfood, chips, cookies and other "prepackaged snacks) and drinks (water, soda, coffee) There was also some candy (chocolate coins and smartees are all that I remember) Smee and Cpt. Hook entertain the crowd, do autographs and pose for pictures. At some point, more desserts were brought out but we didn't notice them until we were leaving for the boat. I saw brownies, more cookies and some type of danish.
A pirate brings you down to the boat and you go out to see the EWP on Bay Lake by the WL. On the way out we all celebrated a couples anniversary. While we were heading over to Seven Seas Lagoon we played trivia - they had prizes for the kids who answered correctly. (they do allow parents to supply the kids with the answers) Some prizes I saw were pirate hats, skeleton glow heads, telescopes, cards and hooks) We got in position for the fireworks with just minutes to spare, then the music starts and prepare for a viewing!!! Absolutely amazing, and the sound is much clearer than what you can experience in the parks. Made it very easy to follow the "story".
Our pirate read us Peter Pan as we made our way back to the CR where we were greeted by Peter Pan who had Tink in a lantern. He told us all that she was very tired from her flight and a CM took her off to bed while Peter Pan posed for pix and did autographs.
Definately worth the money. The entertainment and views make it so. The food however leaves alot to be desired. Perhaps its because as soon as it was placed out, people were shoving things by the handfuls into their bags and they've decided not to fund peoples snacks/drinks for the week.
All in all I would definately do it again. And probably won't see Wishes from anywhere else as I tried a couple of days later to watch them in MK and was disappointed after the great views we had from the water.