A lot of people have incorporated other costs into their answers, and while they're right, the OP was just asking about the green fees, I think. The other factors complicate the discussion too much to come to a conclusion.
After (not very) much deliberation, I voted "yes". When you play Pebble, you're paying for more than just pristine golf, you're paying for an experience. That experience isn't necessarily for the everyman, either. To quote apex53 on Page 1:
Not to bag on Jerry also, but I remember thinking that he didn't look all that good, considering he was trying to make a nationwide event. Then I was not surprised at all when he turned in poor results.
The thing about the long drive, and most of the people I see who hit the big bombs, is that it seems to have less to do with the actual game of golf. You use your driver only a small percentage compared to wedges and putters, and a long drive guarantees you nothing. Most of the long drivers, especially in the long drive comps, seem to just get a jolly out of striping a ball. That's fine and all, and I'd love to have the ability to put one down the pike 300+, but that's...