Hi,
It's definitely worth every cent. I played PB a couple of years back and had a great round - +10 after 17 holes and then dump it in the bunker and ding dong around for triple bogey.. shooting 85 which I was happy with. The course is pretty challenging if the wind picks up, and can get quite long. Remember to get a caddy as they really know their way around and have many stories to share from their days caddying for stars during the AT&T pro-am.
I hear you need to stay at the lodge these days to get onto the course, but i believe you can call a few days ahead and they can slot you in for a 1 ball. I paid $350 back then and i believe the rates will continue inflating - so go for it. BTW, caddy tip is US$50

And if you can spare another day, go play Spyglass Hill, it's has some amazing holes along the MOnterrey peninsula.
One way of pleasing the wife is to find a nice and cosy place in Camel, which is next to PB. It's really quaint and slow with many retirees chilling out. My gf really enjoyed it when we were there.
If you have more time, drive down to Torrey Pines which is a public course and they charge about US$100 for a round ( they gave us local rates of $75 cos we turned up at 5 am

Between pebble beach, st andrew's and maybe ballybuion is Ireland, there are some places one must play before you get too old to swing the club haha... Enjoy.
I have some brochures of the places I stayed, so let me know and I can pass them along..