Just about every review I see for ESO hammers it for costing 60 bucks and having a $15/month subscription. Most also go on to attack the Imperial Edition as a money grab that you simply can't pass up.
Let's tackle the 60 bucks up front first:
Any first rate video game you buy today is going to be 60 bucks. Any of them. Skyrim was 60 bucks. Everything is 60 bucks. GTA games are 60 bucks. Everything is 60 bucks! So 60 bucks isn't some new absurb amount of money they are trying to charge for a video game.
Furthermore, the world of Tamriel is friggin' HUGE and eye poppingly gorgeous! That took an astounding amount of work to produce, making ESO one of the best bangs for your buck on the market right now in terms of content.
If you were to only play ESO for a single month it would have been more than worth the price of admission. I've payed 60 bucks for dozens of games where after a month I was either finished with it or simply didn't care to play it anymore.
Now let's take a look at the $15/month subscription:
Right off the bat, you can reduce that to $13/month if you buy the longest subscription package. Let's face it, if you're still around after the free month, you'll most likely be around 6 months from now, so if you're not paying $13/month it's your own fault.
Even at $15/month, that boils down to 50 cents a day. A cup of coffee from a gas station is going to cost you more than that. You can't even get a candy bar for that anymore. There's no two ways about it, if you play for an hour or two every day there simply isn't any other entertainment activity that even comes close in terms of value.
BUT OTHER GAMES ARE FREE! No they are not. There's no such thing as a free lunch, or a free MMO for that matter. F2P MMO's either only allow you access to certain parts of the game, or they make the game excruciatingly painful to play unless you buy upgrades. Every F2P game I've really gotten into has cost me at least $15/month and usually even more. I saw someone in a F2P thread the other day say they don't want ESO to go F2P because, "I can't afford to play free to play games!"
Furthermore, in nearly every F2P game I've played, grouping with others was always a huge pain because not everyone in the group had access to the content others wanted to do, so often you'd end up not being able to do the content you actually paid 2 play!
A subscription to ESO grants you access to everything the game has to offer, OR DOES IT? What about Imperial Edition?
Finally let's examine just how much pressure the game puts on you to buy the Imperial Edition:
With the IE you get a horse on every character for 1 gold. Big whoop. The horses are SLOW! You can pay to speed up your horse, but it'll take you almost 2 weeks to have it up to the same speed as the horse you can buy from the stable. In 2 weeks you can easily buy the horse from the stable from gold you've made from vendoring junk alone.
I rarely bother to mount up, unless you are travelling a very long distance it just doesn't make a difference, and can even slow you down when you figure in mount and dismount time.
What about the Imperial race? Blah. Who cares? There's nothing special about the imperial race, it's got its perks just like every other race, but nothing game changing. In my opinion, the only real benefit of having the Imperial race is that you can convert found items to Imperial style, which if you craft your own gear as most people do, big whoop?
Ring of Mara XP boost. This is the lamest part of the IE. You can boost the XP earned of ONE character by %10 ONLY WHEN GROUPED WITH YOUR RING PARTNER! I haven't even used my ring yet. The thing is, you really don't even need an XP boost as the game is intended to be enjoyed as you play it, not a race to cap to get to end game content.
Bottom line:
ESO is not for everyone. It's certainly not perfect either. There are a few bugs, almost solely related to quest progression from my experience. However, to imply it's not a good value for those that enjoy it is insane. If you don't enjoy the game, it wouldn't be a good value at any price.
ESO's pricing is exactly in line with the MMORPG industry leader's pricing. The initial purchase cost is exactly in line with the video game market as a whole. The subscription price is exactly in line with most MMO subscriptions.
There's simply no way to support the contention that ESO is over priced.