Well, yes, I thought it was too pricey, too, really. I'm not crazy, though-- I do have some reasons!

I guess what induced me to get the reserved seating were several things: 1. In guidebooks and on several different discussion boards, I kept seeing information about "beating the crowds" and "having a plan" to see Fantasmic without losing your marbles. Stake out your spot 2-3 hours early... especially important if you have little ones because they're likely to miss the action on the ground if you are standing in a crowd. Wait for the second show at 10:30, hanging out in Critter country and moving in after the first show crowd leaves. (like my 5 year old would last until 11 p.m.!) Especially during high season (and we will be there the week after Easter, so it's expected to be packed) it's apparently a nightmare to try to get in and get decent viewing.
2. We have never been to
Disneyland before, or any Disney property... any of us, including my DH 47 or myself, 43. Our daughters (12, 10 and 5) have been begging for 4 years. We are not likely to go again any time soon, for various reasons. So this is a very special and isolated event for us.
3. I've read so many good things about the view from there. I don't care so much about the desserts, that's just icing, but what I'm really paying for is to be able to show up 20 minutes before Fantasmic, have a CM fetch me drinks, and sit and rest my feet after a long day and have a great view of the 9 p.m. show... turn around and watch the fireworks without moving (albeit not from the ideal hub view of the castle)... and get back to the hotel (we're staying at GCH) around 10 p.m. so my tired-out kiddos can rest up for the next day of fun.
4. I'm paying for this myself (as opposed to the family credit card account for the rest of the trip) out of my own little "splurge money" account that I get for doing part-time work for my church. It's a surprise; my family don't know I paid for it myself, I will spring it on them that evening. I get such a grin out of doing this with my own cash!
So normally I'd never consider paying $60 for good seats and cookies, especially out of our family living expenses. But this is pretty special.

I'm looking forward to it.