This. I made it to 8 Pearl Jam shows on this past tour - 6 on the east coast swing of the first leg in 2013, 1 in Europe this summer, and the midwest tour kickoff in Oct. We spent a huge amount of money on merch (posters / tees / boots etc.) that probably averaged out to $150 per show on top of the $170+/- we spent on a pair of tickets. Still, that's equal to just one of U2's top priced tickets with no merch.
I've been to 50 U2 shows and have tix for 7 shows right now (couldn't get tix to MSG 5, yet) and if they add the rumored two additional shows, I'll get tix to those shows as well. But, I refuse to pay $300+ for a ticket to a show that I'm quite certain I will have seen at least 3 times on the tour already.
I dislike the PJ lottery, before it was instituted, I was always able to get fanclub tickets through sheer determination to every show I wanted. My lottery success has been poor, winning just 3 shows of the 16 or so that I've put in for. But, I do like the fact that all GAs are fanclub only, and that fanclub members still have the option of getting reserved seats if that's what they prefer. That's not to say that there is no reselling of TenClub tickets - there most certainly is - but Pearl Jam will ban members who are caught reselling over face value, whereas U2 is in effect condoning the resale of their tickets through TM+.