@Michelle ***********
The initial part of my wife's question is obvious about the overstay and how it would affect the application process. We got the answer from the ELite Visa people when we talked to them last night. In a nutshell, if its an isolated event, more than likely its no big deal, but for repeat offenders it will be an issue.
As for the second part, basically the question was "is it worth the 800,000 bht to not go through the hassle of having to check in every 90 days and all the other stuff that goes along with the other visas. The other visas the money sits in the bank and you cant touch it. Its like you have a (fill in your favorite car here or motorcycle) sitting in the garage with a full tank of gas and the keys just hanging there, but you cant drive it. In this case the banks make out because they get to use your money to make money and you just have to sit there and kick rocks. In other words, for some people it is worth to pay the money to let the Elite Visa do the work.