It would be impossible for me to complain at this point, as I've previously seen enough value in PS+ to have been a subscriber for over a year.
That's pretty much the basis of this discussion, the relative value of the services. I said last year that the problem with Live is that there is little or no extra value for the consumer. It was simply a pay-wall. I said that they would need to increase the value of Live for next gen or they might be in a bit of trouble--which it looks like they're working on. The one thing that still bothers me, however, is that video apps are also behind the pay-wall, which doesn't make a lot of sense to me.
From a personal stand-point, I really like PS+ because of the games that are included. It's already saved me a ton of money and introduced me to some games that I probably would not have tried otherwise. I'm very happy with it. I also, generally speaking, don't really care about multi-player, so it's all good.