Same feeling. I don't feel very enthusiastic about inksgiving, and it's putting it mildly.
However, as I've already announced I would do it, already sort of promised ink to several people, and as myself and other participants I know already got their ink ready... I feel it would be equally problematic to opt out now. For next event, that's an other story. Let's see what we get in term of explanations, if any.
What I feel particularily bad about is having encouraged people to participate, including recently, after I got all this info. For a long time I tended to forget at times; the thing is, I realized since long that the fees were horribly high, and I was okay with it. What I did not realise, though, is the way they were partially hidden. That I'm not okay with at all. That's a compleyely different story.
As I came to the forum before even posting on the site, I was made aware of the high fees well before giving or recieving ink, and thus, never really looked into the specifics.