I know a lot of people were vocal about disliking this playset, but it's not so bad. Sure it has elements that take away from the aesthetics, but Hasbro worked some good things in here too.
Is it worth $200? No, I would say not even close. $100 seems more reasonable especially when you consider someone like me doesn't care about the transforming feature, electronics, action features - I just like things that look cool for setup and as a kid liked to have a "base" for the good guys and one for the bad guys. I didn't need all kinds of gimmicks, or even know what that even was back in the day.
If they had removed the transforming feature and put some collector "Sail Barge" type of detail into this, I think it would have sold better for retailers... because as it is, they lose collectors. I don't think they will lose kids or parents by making it look cooler, but they would gain collectors!
Here's my simple setup of it. I need to spice it up with a background, black floor, etc.

For anyone on the fence, I think it's well worth $100 (or less obviously).