The problem as always is that "one size fits all" doesn't....
A monthly fee works for many companies, may even be more cost-effective. For others, it's untenable, possibly to the point of financial impossibility. Many will no longer be able to stay upgraded to the "latest" version, because they can't afford to go on paying forever.
I paid, happily, for my copy of CS5. It was an investment, and well worth it. But I can't afford a never-ending ever-increasing monthly payment.
Well, OK: I expect that, to an extent, when it comes to overhead, e.g., electricity, rent, etc.
I don't expect it, or intend to incur it, when it comes to purchasing "tools." Nor do I believe it is fair for a company to "sell" newer, better tools ONLY to those who can afford to make larger and larger "payments" forever, yet never end up owning anything.
Obviously, if Adobe sticks to this decision, "renting" Adobe tools will become the only option. As a result, If a company or individual can't pay a monthly fee for however long they are in business, or however long they need the Adobe tools they currently use, they will either be forced eventually to give up Adobe tools completely or, if dependent on them, go out of business.
How does that benefit anyone, even Adobe? And why can't they offer both options, for that matter?
Companies are not only trying to lower day-to-day expenses, they want more control over FUTURE costs. It's no longer affordable - or practical - for any but the largest corporations to be at the mercy of arbitrary price and fee increases when it comes to business-critical tools and functions, including software and IT in general. Even the "warhorses" of enterprise software are starting to lose market share in favor of open-source alternatives, customizable and controllable in-house or with minimal outside assistance.
Yes, a subscription model works beautifully for many. It is the best and only option for some. However, where it doesn't work - where it doesn't "fit" - it tends to fail miserably.
I have to wonder if there aren't hidden costs as well. For example, what are the tax advantages/disadvantages of purchase vs. subscription? Is there as big a tax write-off or deduction for a software subscription as there is for the purchase of something like Adobe CS? And so on.
If "cloud" madness continues to infect those who make some of the best "tools" on the market - to the point companies and individuals can no longer purchase tools they've used for years, but only rent them - a majority may have no choice but to look at and/or switch to tools from other manufacturers.
(Psst...All you graphic software companies out there? Your biggest competitor just knocked themselves out of the running where product PURCHASE is concerned. So go for it. Good luck. We're all counting on you.)