DH and I went last year, and it was wonderful. The parade and the fireworks alone are worth it. And Captain Jack-what can I say? We didn't do the other pirate/princess meets, but there was lots for kids to do and, of course, having the rides with little lines was awesome (although DH doesn't do rides, he humoured me).
This year, I'm taking DD14, and my fingers are crossed that PPP is on when we go-preferably the Monday, since that is the day that I won't have a park ticket.
We went last year and loved it. DS and I rode BTMRR 5 times in a row. I really liked the shorter ride lines and it was nice to see the park in a whole new theme. The CMs were fun and Captain Jack, well, what can you say about Captain Jack. Only Johnny himself would have made the night better!
My only disappointment was no Will. Orlando is just too hot to reproduce I guess.