We bought one for our daughter when she was 3. Way too young for it. Complete waste of money! She has lots of talking toys/dolls which she likes, but she was uninterested in Pal Mickey. She's a big Mickey fan too.
We brought him back for two subsequent trips in the past year, only to leave him in the room most of the time. She's still 3-- and she's still uninterested.
PM doesn't speak loud enough most of the time, and we don't notice his "signal" so we often miss the hints/facts/etc. He also eats batteries, so bring extra AAs.
We've used both a 1st and 2nd generation Mickey. The newer one is definitely better, but still not that great. I think the newest one available (Sorcerer Mickey when we went in Feb) is the same 2nd generation Mickey "brain" as the Happiest Celebration Mickey (in a tux), just a different costume.
Oh, we paid $65 + tax, and the next time we went to Disney, found him in the outlet store for half off! ARRGH! It was less than 6 months later!
So, you may want to call the outlets and see if they still have them available. I don't have any outlet info, but you can search mousesavers.com for the info. I know the outlets will ship to your home. There was a thread on here about it a while ago... maybe on the budget board. We saw it in February in the Orlando Disney outlet. It may be too late now.
I really think there are a lot better things to spend $70 on. That amt can get you started on Pin Trading, which seems to be a lot more fun and interesting for my daughter (and nieces) than Pal Mickey ever was. She still likes to look at her pins and talk about when she got them. She talks about pin trading on our next trip and is very excited about it. She's a bit shy, so the Pin Trading heps her talk to CMs and she seems to really enjoy it. Pal Mickey just sits in her pile of stuffed animals.
I was so "pro" Pal Mickey and "anti" Pin Trading. I was surprised by my daughter. You just never know what your kids will be into.