I don't think so, it is apples and oranges, the DCA only is very similar to the current Deluxe in regards to blockout dates and discounts.
The SoCal Select has every weekend blocked out and much of the summer.
If any thing, it looks like a way to try and compete with nearby Theme Parks.
But right next to it at COSTCO is an USH Annual Pass that is similar in dates, and only $109.99
I don't see many locals opting for it, when Knott's, Magic Mountain, USH and others can be had for around $100 with payment plans and few or no blockout dates. For a family of four, that is a BIG jump in price, and you still have to pay for parking and everything else...
I just posted in the "Southern California Theme Park" section here with a more detailed look at the options.