Can't say I share your sentiment. I've been quite happy with their rate of progress over the years and the applications they offer. I've been using them since they only offered mail and haven't ever had any issues. I'd rather them take their time to do things right then try to release new things at a frantic pass. While they might not have all the bells and whistles, for the average user I think they provide more than enough value.
Also, your pricing is just completely wrong and off base. Pass by itself is $5/month ONLY if you pay per month. If you pay for 1 year worth it's $4 a month and $3 month if you pay for 2 years. And that's only if you for some reason only want to pay for proton pass.
Likewise, if you're paying $120 year for protonmail then you're most likely on the proton unlimited bundle for $10 per month paying for 1 years worth at a time. In that case you already have access to proton pass (and in fact all of their proton apps and premium features), so I'm not sure why you think you need to pay again for proton pass.
While I agree the proton pass pricing (even at 2 years) is high compared to similar companies, getting the proton unlimited subscription OTOH is (IMO) great value for money: the mail, password, & vpn are all great. The drive seems pretty good and useful but isn't something I normally use anyways, and the calendar is the weakest of their offerings (and also something I normally don't use anyways).
edit: I should also note, you don't have to pay for any of their services. You could get by just using the free versions of everything if you didn't need the extra bells and whistles offered for paying customers.