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If you don't like it, don't pay it.  I mean its pretty simple.  I've been gold since original X-box so obviously I think its worth it.  Everyone I know that has it uses and enjoys it.  It doesn't really limit the system outside of online play if you don't have it.  I think people have misconceptions that you aren't allowed to do anything with Silver which really isn't true.

Odd about inflation though, if a new video game has only gone up from about $50 to $60 since the mid-eighties, that's not bad in general for video game inflation.  New consoles cost about the same generation to generation.