We just finished up our 400k Discovery in February. We loved it so much that we have bought a resale contract and are awaiting the transfer to complete. I don't know how flexible your travel dates and locations are (we can be very flexible about when and where we go) you can actually get a lot of vacation out of 400k points. We spent 6 nights at Towers on the Grove (North Myrtle Beach), 12 nights at Club Wyndham Smoky Mountains (not the one with the water park), 3 nights at Ocean Walk (Daytona), and 3 nights at Bonnet Creek (Orlando) with our 400k. We had to rent a few from Wyndham for the last night in Orlando as we didn't quite have enough left. Most of these were not done in the quiet or value time. If you are tied to school year vacation time, you may not get as many vacations out of 400k points. It also can vary greatly based on locations you choose.Just bought 400k points in Discovery for $3900. Now questioning myself. Should I rescind or hope & pray I get $3900 value?
You are required to sit through a sales presentation on your first vacation. Just make sure you do your homework and learn everything you can about Wyndham and the system. If you can call out the sales guys on their lies and mistruths and can be very firm (repeatedly) with your no to purchase full ownership, they probably won't keep you very long. There are several great Facebook groups that have a lot of good information. There are also a lot of good resources on the Wyndham website.
Just don't believe anything the sales guys tell you. Most of it will be lies and mistruths in order to make a sale. Absolutely DO NOT purchase an ownership points until after you have used it several times. Timeshares aren't for everyone and you won't know if it fits your travel style until you have taken a few vacations with it. They will try to get to you a presentation (disguised as a an update or something like that) at every vacation. Just say no. They will tell you it is required, no meetings are ever required, except for one mandatory one for the first Discovery vacation (or if you got lucky to miss out on the first one, a subsequent one). We totally loved every one of our Wyndham stays and are very excited about becoming a resale owner.