Schlepping up from northern Delaware on a Saturday night for an all-day ski on Sunday (9 am to 7 pm-ish), I find CB is worth the "extra drive" over Blue Mountain, and unless it's a holiday (MLK or President's Day), decent enough to not be bothered with the extra 45 minutes to Elk (I'm 45 minutes below Philadelphia...).
Certainly, I'm grading on a curve for acceptability versus our annual trips out West, but I find on weekends, with Blue Mountain's lift layout funneling _everyone_ to either the high-speed lift on the left, or the high-speed lift on the right, the lines are unbearable. However, at Camelback, I find most people gravitate to the high-speed quads (similar to Blue Mountain), but unlike Blue Mountain, CB has a lot of old two and three seat lifts in-between, and we're happy to jump on those -- a little longer ride to the top, but a lot less wait time in line.
Again, just giving the devil its due. I'd rather ski rather than not ski, and as I work most Saturdays, traveling farther than PA isn't in the cards, other than the one to two destination trips each season, where I'd much rather fly out West than pay stupid money to ski NY or further North. Note also, I have school-age kids, so weekday Pocono trips are few and far between.
We'll drive up Saturday night (I work most Saturdays until 5), and I can usually snatch a cheap night's stay in Tannersville or Bartonsville on Hotwire or Priceline, so I'm not getting up with the chickens down in Delaware to get on the lifts first thing Sunday morning. There's no lodging so close as that to stay at Elk. That said, Elk can't be beat on a holiday.
Now, all that said, as to the OP, I am very worried about this lodging expansion up at CB. I can't agree more that if the terrain isn't expanded to meet the added draw, it's going to kill it. I suspect the interest money they'll be paying on that expansion will get pretty crippling if they wind up driving everyone away to their competitors. I'm just worried where I'll go on a Sunday, because I can't stand Blue on weekends. Unless you're addicted to long waits in line to get on a high-speed lift at either mountain, Camelback is a lot better.