I think it is a good deal.
1. Great magazine.
2. Pretty good local magazine for the Orange Coast Group with contacts for various things.
3. Great drivers clinic once a year (for you and a spouse).
4. Monthly gatherings are good if you are older.
5. Swap meets.
6. Info on bigger gatherings with other clubs
etc
The people in my region are wonderful. Good people that love Porsche's and love life. They are a fun group, but on average a little older than myself (I'm 42, most of them are over 60). Most of them seem to have known each other for dog's years so I sometimes feel like an outsider; but no fault of theirs.
Younger members seem to attend the special events like I do. One example is the Meguair's Seminar.
If you are in a bad region, try to attend events from an adjacent region. I think some of the Los Angeles group come down for to the Orange County events because it is more active.