People please! You never owned software, what you always bought was a license with only a time limited assurance of support, bug fixes, etc. Then you upgrade to the next version at semi-regular intervals and so it goes on for eternity.
No, I bought that software and I expect it to function as purchased FOREVER - on my stand-alone machine that has no connectivity to the outside world.
Support, bug fixes, etc. are options I can chose to forgo, or pay for, my choice.
The real problem is that when Adobe goes bankrupt in 5 years and the license servers go off line, every one of their subscribers is SOL. It's happened before, it will happen again.
Which is why the cloud subscription model is a loser for anyone who cares about what they are using/doing/counting on. A business person (eg: professional photographer) who uses Adobe is rolling the dice with their livelihood. Bad move. You're not a secured creditor, they owe you nothing when they fail, and your customers are not going to be amused when you tell them that all those photos you were going to have for them aren't going to show up.
Onward and upward? More like downward to the netherworld.
The software that you currently own WILL work forever on your machine. No one is forcing you to upgrade to CC.
You want choice... that was part of my original point, people are resistant to change, don't like new models, demand choice, demand control over everything.
Adobe goes bankrupt? It could, but you images are not lost, your RAW files are not lost. You have to back them all up just like you do now. No difference there. Ok, so you Adobe software stops working after a while but even under the current perpetual license versions you'd eventually (and within a relatively short time) have to move to another product to stay current with features etc. And besides, when companies fail they don't go poof in the middle of the night... you'd have some warning... you're not going to suddenly have to tell your customers their photos have been lost forever in a black hole.
Boy oh boy, THE SKY IS FALLING!