in 2007 the family went to disney we had their food plan and I found it great. took a bit to figure it out but the one we had then was two counters one sit down and a snack every day. the counters were sorta like going to a cafiteria and the sit downs there were several places to go. We found out we could eat at wolfgang pucks as a sitdown and you were allowed a appitizer,dinner,desert and non alcoholic drink and you ordered off the regular menue.
the other nice part was the way the trip was set up once we got on the plane we didn't really have to think about money other than for extras. I found when travling with the fam that was nice cause you didn't open the wallet and go oh no the cash is running low and curb your plans.
not sure if the studios are done the same but I bet it's got to be close