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I paid $120 for a year of PS+ Premium in January.
If I add the cost of every game I played for 4+ hours I got off that service, it would total over $1000. Even more if I include shit I installed, played for 10 minutes and didn't like.
Even with the recent price changes going up by a whopping $60 for the tier I am at, that's still worth it; assuming they continue to add new shit at the same rate.
With how often I see people bemoaning subscription services, there are still some that are very worth the cost if you're actually utilizing the service often.