No thats exactly what we paid last summer to play Magnolia. They had a special summer discount rate after 11am. Not sure if they are doing it again, but it was great value, although we did play Celebration for just $24 this summer through golfnow.com.
You can definitely get decent rates if you shop around.
In fact, last year, they were also doing a deal on 'summer golf' at Disney. Can't remember exactly how much it was (in the $200's), but if you paid for this, you could play unlimited golf for three summer months!
To be honest, I don't know why people get 'hung up' about the Disney courses, there are so many great courses for a lot less, that are worth playing!