My wedding party of 15 attended this in June. It was really great. Too much food, but all of it was good. The waiters were really nice. Good show. Quaint setting.
Was it 'worth it'? I personally wouldn't have paid that much to go...but it's not that much more than the Old Lahaina Luau (which was sold out for 3 weeks when we were there).
Depends which type of event you prefer -- neither one is cheap and both are highly rated.
Everyone enjoyed our evening at Feast at Lele