Ok, after some on and off again pondering, as well as a hit or two of egg nog, I'm going ot have to backtrack a bit from my original statement where I said I didn't have a problem conceptually with the premium FP concept.
gcurling's points about premium FP's negative impact on other guests are pretty straighforward.
Its an ill-conceived idea. On top of that, the initial plans are being poorly executed as well, which just makes things worse, but that topic is already being kicked around in another thread...
Now, that said, I also have to say that Early Entry is a problem as well, though the negative impact is much smaller than the FP situation, and the postives are probably large enough to overcome the negatives.
EE does result in a direct negative to other guests. When non EE guests enter the park, others are already in line for attractions. But, again, that's a pretty small negative compared to the possibility of not being able to get a FP for Splash on a muggy Summer day, but it is a negative nonetheless.
The real problem here is that Disney isn't offering the public enough of a reason to stay in their on-site rooms. They simply could not do it without EE, and apparently even that is not enough. Premium FPs are also now needed.
Rather than focus on things that will increase the value of ALL on-site rooms without hurthing other guests, they are looking for the easy way out.
Perhaps if they looked at things like improving on-site transportation, in-room package delivery, overall service, and focusing on THE SHOW, they wouldn't have to offer premium FPs in order to maintain their room rates.