I went in 2013 for my first PAX and after dealing with the stress of waiting for the ticket drop to happen and actually score, only to arrive on Day 1 and see about 50 scalpers out front with passes available for every day I told myself I'd never deal with their insane method of ticketing again. If losing out on today's sale has you miffed, just book a flight and hotel anyways and just GO. You WILL get in and get to experience PAX Prime, and it's worth the trip.
I also never stay at the "reserved" hotels. 240 a night is ridiculous when you can usually book at a lot of nice nearby places if you're willing to walk about 15-20 minutes. Even further away is easier than ever with how cheap and fast Uber is nowadays. We stayed in Belltown (sp?) last time and it was awesome. Tons of bars and restaurants, and half the price of staying in one of the giant hotels reserved for PAX.