I had the all products pack, so I guess it wasn't just ultimate. Between 2019 and 2022 it went from $89 to $149 + tax, so 160/year. I did not receive a 67% increase in value during that time.
I used to have the same view about idea vs vscode, but the MS provided plugins are solid these days and some of the other ones that are community are equally rock solid.
Things where IntelliJ used to just beat the crap out of code, like managing development environments or debugging are now either on par or better than IntelliJ. I even have it setup for remote debugging and serial debugging embedded devices.