Up until this year, I've bought a season pass at nearby Plattekill so hadn't visited Belleayre too often. I was there yesteday, thanks to the Potter Brothers ski shop Flex Day promotion ($19.95 lift ticket). I arrived around 10am and there was still plenty of parking. Runs that were open had plenty of snow (99% man-made variety) with the exception of the mogul run which was skied off and had a few bare spots -- but NO ICE anywhere -- a rare treat for eastern mountains. Overall, excellent conditions, especially in light of the paucity of natural snowfall this season. The main lift -- the Super Chief high speed detachable quad had lift lines of under 5 minutes and the other lifts had no lines to speak of at all (30 seconds tops).
Belleayre has some interesting terrain although there is significant grade inflation (i.e., they have trails marked double diamond that might be marked intermediate blue at Jackson Hole) and all the trails flatten out significantly over the bottom 1/2 of the runs.
Food prices in the lodge seem to have risen significantly over last year, with no discernible corresponding increase in quality.
Nonetheless, if you want to ski within a reasonable travel time of NYC on weekends, Belleayre is hugely preferable to Hunter or Windham where you will face more crowds, more inexperienced skiers/riders, longer lines for lifts and food service, and longer walks to your car at the end of the day.