The format here is simple, there's five courses (with a few extras here and there) and each of the five courses is paired with a beer and a wine, so that you can decide which beverage you like best with each course. The event contains a great mix of education and food and is presented in a way that doesn't feel rushed.
Pricing has historically been right in the middle of the "special event" range during the Epcot Food and Wine Festival. For the 2016 season, the lunch is $88 per person and is actually a good value (relative to other special events) for all of the food and beverages that you will get to sample.
The event is quite popular, and bookings for this one fill up fast. You'll want to be on the phones making a reservation as soon as they become available (usually a few months before the festival starts).