I feel that the All-Day Grand Tokyo Tour by Gray Line was a fantastic value and well worth it, considering that this was my first time to Japan. My wife and I we're escorted around Tokyo and saw numerous sites, all without having to worry about how to get there and what we need to do to make it happen. Our guides were formative, but just a bit hard to understand (but I can't fault him for that).
At first I thought that the fee for the tour was a bit steep, but after taking it I realize that you get to do a lot of things that would cost a lot, even if I wasn't part of the group. We got to go up in the Tokyo Tower and take a river cruise as part of that tour, and transportation to and from our hotel was taken care of by them. So, all in all I think it was a pretty reasonable price.
The only word of caution I would have to say is this: You don't get a huge amount of time to check out each location. They give you about 30 minutes at each place to see and look around. My wife and I felt this was enough, but if you really want to take in the sights and take your time to look around, you will probably have to go back in visit it on your own time.
I have to give a special shout out to Shota, the ninja and Samurai. He was extremely friendly and really put on a show for the crowd. I even saw him fake sword fighting with a few of the kids from the tour group, he seems like a really cool guy.
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