As a frequent Universal visitor who occasionally visits Disney, there are a few crucial differences between Express Pass and
Genie+ that are often missed in these discussions
1. I suspect that the majority of people that use Express Pass get it through their hotel. I can't prove it, but after years of watching these boards and many trips to the parks, that's my gut feeling. Also, UO's Premier Annual Pass comes with EP after 4 p.m. (one time per ride). So the number of people willing to spend the big bucks to buy it separately is probably not as significant as people would like to think.
2. The unlimited Express Pass (which I suspect is what most people get) means that you can ride any ride at any point as many times as you want. No waking up at o-dark-thirty on vacation to try to grab a time slot that may or may not work with my other plans for the day, touring style, or just what I feel like doing at that moment. Disney is all about controlling crowd flow. IMHO They are NEVER going to give a large amount of people that type of access to the front of the line.
3. With two exceptions (Velocicoaster and Hagrid's), EVERYTHING is included. No upcharges for certain rides. For those two rides, you can ride them at any point if you are willing to wait in the line.
4. EP's are available for anyone to purchase in advance. No waiting until some god-awful time the morning of your visit to see if you are lucky enough to grab one.
5. EP's do sell out, particularly around the Christmas holidays. That means that only a certain number of people will hold an EP at any given time. This tells me that Universal values the guest experience and refuses to dilute it by making the EP lines stupid long in order to make a few extra bucks. Until now, Genie+ had no such cap on it.
6. Universal has more rides per park and can spread the crowds out in ways that Disney (other than at the Magic Kingdom and
Disneyland) just can't. That, plus a limited number EP's per day, makes the system work.
Comparing EP and Genie+ is definitely comparing apples to oranges. They are two totally different systems and work in very different ways.
I will tell you that if Disney were willing to guarantee me LL access to any six rides in any park
whenever I want with no additional restrictions or upcharges, I would be willing pay $50-100 per day. But to think that Disney can charge the same price as Universal EP's for Genie+ - a vastly different and IMHO inferior product - is simplifying things a little bit too much.