I just did
MVMCP 5 weeks ago on a girls-only trip - no kids! While I enjoyed it, I wouldn't need to do it again for $60 a ticket. I doubt I would take my kids either, just because I know that while in WDW, my kids are DONE by 8pm. I'm not sure we'd have an enjoyable MVMCP, or be able to stay until midnight with them! The party ends at midnight, but if you're using Disney transportation back to a WDW resort - give yourself another 45 - 60 min. on top of that to return to your room. The buses were JAM PACKED after the party!
From 7pm-midnight there are stations set up with free hot chocolate & cookies, there are 2 special holidays shows, special holiday fireworks & a holiday parade. There are dance parties around MK for everyone as well, with characters. Most of the major rides & attractions are open during this time as well.
My friend was there to see the shows, parade & fireworks. I was there to get on the rides with a much shorter wait time than during the day. The party was PACKED, more full than it had been earlier in the day at MK. We had to stake out spots for the parade & fireworks 45 min. in advance, and waited in a long line for the Twas The Night Before Christmas Show. We did all of the rides & attractions with minimal wait, maybe 20 min. tops, with the exception of Snow White's Scary Adventires, Peter Pan & Winnie the Pooh. For some reason those had a 40-60 min. wait everytime we checked.
I had fun but it wasn't worth an extra $60 to me! I'm probably in the minority, everyone else raves about MVMCP. This year I'd like to try the
MNSSHP instead!