I went 2 years ago, I believe. I'm a big Palisade Peach fan-- look forward to them every year. If you're going strictly for the peach festival, you'll be let down. The breakfast was quite good, with the peach syrup of course. Also one thing to note, the peach prices are actually elevated from what you pay down here (Denver metro).

That said, that part of the state is beautiful and its a good time if you have other stuff to do, places to go, etc. We stayed the weekend at the Double Tree in GJ...went out to dinners, played tennis, hit the pool, etc.-- and had a blast.