$40 seems fair to me. Especially if you knew buying the less expensive AP meant there would be blockout dates. If you do upgrade make sure you do it early in the year. Doesn't make sense to upgrade for a couple of months then having to renew.
It was wonderful! My mom, myself, and my partner decided to go on Thanksgiving Day, and it was nice. Not as crowded as I though it would be. Got on all the rides we wanted, had turkey dinner at ESPN, (Fight On SC), and ended the evening with fireworks, and a few more rides. While I am a Passholder, it was nice to not have all the other Passholders there. Blackout days can be WONDERFUL.
Long live the "Happiest Place on Earth" the ORIGINAL, Disneyland.
Former Cast Member - Class of 89