Umm, yeah, the prices are definitely inflated to make the "discount" look better than it actually is. Not unusual at any hotel. But what is unusual is that Disney expects ANYONE to actually pay their rack rate. (For the most part, pretty much no one ever does at 95% of the world's hotels.)
I think I keep coming back to the cost (and I'm talking price I paid, not the rack rate now) because, while the Grand is the second or third most expensive hotel I've ever stayed in (behind hotels in Paris and London; with the one in Paris directly ON the Champs Elysses with a clear, close-up view of the Arc de Triumphe from my balcony), I'd venture to say it ranks about 50th in terms of the quality of rooms and service, even factoring in the location and view, I've been lucky enough to experience. And while those few that were more pricey than the Grand might not be my #1 and #2 in terms of luxury, they both do rank in the top 10, and if you factor in locale and comparable prices (to other hotels in their vicinity), still feel pretty close to an even quality-price ratio, whereas the Grand does not even come close on any of those factors (quality, price OR comparable accommodation value). That, to me as a consumer, is what leaves me feeling a little--sometimes more than a little--ripped off by Disney.
If it was just one of those things--e.g. high price but great service and amazing accommodations; or more equal price to other nearby hotels, but smaller room or lesser service in exchange for superior proximity--I don't think I'd feel quite so put out.
Something much talked about in the wine world is "quality price ratio" or QPR. The goal is to get the highest quality for the lowest price and to try and balance those two things (e.g. a wine that's wonderful for $20 might feel like a rip off if priced at $80). To me, at least in my limited (two stay) experience, Disney hotels do NOT provide good QPR.
Yes disneys prices are inflated. In the future you might want to consider skipping CL and getting a standard room in one of the deluxe resorts. It doesn't seem that Cl is worth the price they are asking. For us disneys its about the kids. We spend most of our time at the parks or pool. We always stay deluxe, but I have never shelled out the money for a view or Club level. It really does not seem worth it at disney. With a good discount I usually pay under 300 a night for a gv room at an epcot or mk resort. I feel like I am getting my moneys worth for the location and the nice pool. The rooms are just so-so. Thats why I can't bring myself to upgrade and pay the ridiculous cl level prices.