Shroomy
Adventurer
When you put it that way it does sound like a reasonable deal.
I hadn't heard that the Char Gen utility was that close to release. I knew it was in Beta, but I was afraid it would languish there. If it's a couple months away from working, then I think I'll go ahead and subscribe.
The magazines and the bonus tools are probably worth $60 a year to me. The Compendium might be worth the money too, but the free preview seems a bit...cumbersome.
According to Digital Insider #17, the closed beta will probably open up next week and a new download with bug fixes and additional content will soon be available. It looks like WoTC is going to add more levels in January. So far its looking good and I don't think that the recent layoffs of the digital management will affect the roll-out too much.