Clearly. I did not book that room and instead went with a standard theme park view room that was significantly cheaper, I did take the opportunity to tour one of the bungalows though and here are my thoughts on why it might be worth it:
Go during the "off" season: Pricing on all resorts when they are the slowest is the lowest; Disney calls this "Adventure" or "Value" season and there is almost always some promotion running to entice you to the more expensive rooms. The added bonus of traveling during these times is that the parks are much, much slower. I took a picture in Epcot one time in the last few days of August and you would have thought that the park was closed.
Start a Disney Savings Account: The Disney Savings account has a promotional element to it that gets you a $20 gift card for every $1000 spent on a Disney vacation. Now, there are some requirements as far as how long the account is open and what you can use it for, but free money is free money. You combine that with the added flexibility of being able to "fund" the account with a credit card and a savvy rewards card user could really compound some dollars out of the process. Nothing better than money earning money!
Rent DVC points: This one is a bit trickier. When you rent DVC points, you are essentially renting someone's timeshare that they are not going to use. You would have to rent enough points for the dates that you want and you would want to make sure that those dates are available (you may need to book 7-11 months in advance). As a result, I highly recommend talking to someone who has done it before and who is well versed in how it works. Since I am a DVC owner, and have rented and rented out points many times, I would be happy to explain it. Email me today!
Get a travel agent: I know, I know, this one is self serving since I am an agent and own an agency, but I cannot stress enough how much having a travel agent in your corner can help. Between snagging a promotional rate before it runs out, helping with dining, and explaining the whole fastpass system, a travel agent can easily be the best vacation decision you make. For most destinations (like Disney) our services are totally free, so it's a win-win. By having a solid strategy for my clients, I have saved them anywhere from $500 to $1000 per night on the bungalows specifically.