Perhaps Sony should respect its customers enough to let them decide what is valuable to them.
I agree there. It may not be a deal I like, but I don't think it would be a bad thing to at least offer it. Those people that think they'll make the $30 back in discounts may want to rethink this. You'd need to spend $300 on games normally within one year. That's five or six full titles, or a whole lot of DLC. That said, I know a few people who sold their BF4 for ~$30 to pay for a subscription, so there are definitely ways to make it work.
Sony isn't being fully honest in the PS+ subscription rates, though. Increasing 200% sounds nice, but how many of those are new PS4 users who have to buy them to get multiplayer?
That said, I'm a PS3 user and have been happy with PS+ for a while now. I think I'm an atypical gamer, though. I don't buy many things day one, week one, or even month one. My gaming time is limited, and I've got a fairly large backlog in my "Games to Play" list. The benefit there is that I can usually grab the games six months to a year after they release and get some nice deals on them. PS+ also regularly has 50% - 75% off deals on games, bundles, and DLC for all publishers, not just EA. Granted, it's a grab-bag whether those deals are on products you actually want. I figure I save about $30 / year on purchases with my PS+ and the other $20 pays for the numerous free games I get. For me, it's a good deal, but I understand that others may not get that much worth out of it.