I agree with that response to the sleeping beauty problem, and the way you set up the payoff structure will probably make this problem equivalent to the St. Petersburg Paradox.
This is unlike the St Petersburg paradox because it involves amnesia, so assigning probabilities arguably forces you to decide on some SIA/SSA-like quandary. But I do agree that making this into a decision problem is the key.
I got into a heated debate a couple days ago with some of my (math grad student) colleagues about the Sleeping Beauty Problem. Out of this discussion came the following thought experiment:
Sleeping Beauty volunteers to undergo the following experiment and is told all of the following details: She will be put to sleep. During the experiment, Beauty will be wakened, interviewed, and put back to sleep with an amnesia-inducing anti-aging drug that makes her forget that awakening. A fair coin will be tossed until it comes up heads to determine which experimental procedure to undertake: if the coin takes n flips to come up heads, Beauty will be wakened and interviewed exactly 3^n times. Any time Sleeping Beauty is wakened and interviewed, she is asked, "What is your subjective probability now that the coin was flipped an even number of times?"
I will defer my analysis to the comments.