I'm amazed at the people who continually doubt the value of YC. Why not just ask those founders who have been part of YC - nearly all of them will tell you being in YC was invaluable. Isn't that all the proof that is needed?
Asking participants is not a great way to judge an activity's value, due to our natural biases. The study mentioned below comes to mind. That said, I suspect the value is high.