It is quite expensive... but gotta say, my family loves it!
How many of you would there be going? If 2 or 3 or 4, maybe worth trying... but if a large group... just too much money.
We had another family with us last year - they had never been to the party. I feared they'd complain afterwards that it was a waste of money - and thankfully they really enjoyed it a lot!
What they did... was decided to not get park hoppers and use their park hopper money towards party tickets instead. I just planned out schedule without park hopping - and on party day we COULD park hop - did AK on our regular ticket... then came to MK at 4 on the party ticket.
Just saying, if could skip park hoppers and do party instead?
The parade is GREAT! Oh, something about those toy soldiers... ahhhh!
The fireworks - honestly, they are my FAV of all disney fireworks - the magic of Disney and Christmas wrapped together. They are beautiful!
Hot chocolate and cookies... no big deal.
Lines for rides - yeah, that was nice. Last year party started at 7 - and we went from 7-8:15 riding rides - one after another, just went right on them.... then stopped, caught some of 1st parade, got some cocoa and cookies and hung for a bit, saw fireworks, a couple more rides and saw the second parade.
Characters - is nice to see some of the characters dressed for the holidays, and some that usually aren't out (if want to wait in long lines that is!)
There is a lot of holiday stuff otherwise - parks and resorts decorated, Osborne Lights - kinda don't NEED the party - but well, my family just loves it.
We'd do it twice each year if it weren't for the cost. For us our main interest is the fireworks and parade - that's a lot of money to spend for that.
I think if your group is big.... just don't spend all that extra money. But if only a few of you... eh, is something nice to do at least once!