I have CS6 and LR4. I upgraded to them when they came out, just like I always upgraded Photoshop when Adobe came out with the new versions, something I've done for I don't know how many years and versions now - lots. So, to those arguing with my math that to buy it costs $600, pull your head out of your butt - I haven't paid full pop for Photoshop in so many years, I can't even remember the first version I bought, and it's been relatively inexpensive upgrades ever since - THAT'S the price point they have to meet or beat to get me on board, and they're not even close.
I'll upgrade to LR5 probably this month, and that's likely the last dollar of mine Adobe will ever get. I'll use what I have until there's some reason it will no longer work, if that ever happens, and then I'll assess the situation given the software options available at that time. I suspect other companies will fill the void Adobe has created with this scheme, and they should be looking pretty good as solution a few years from now, when it might matter to me.
I don't worry that I'll miss out on new features from Adobe. The current Adobe software I have is mega-awesome already, and works just great for me, and that won't change - it is what it is, and will be as good as it is now for as long as I can use it. I really do love it - no two ways about it. After all these years of working with it, it's practically an extension of me.
But even with all the time, effort and money I put into buying, upgrading and learning to use it over the years, I can walk away from Adobe even faster than I did any of my 3 ex-wives, especially seeing as how they did things to try to get me to stay that Adobe will never be able to come close to matching!
I worry more that a future OS will lock me out of the current software, like trying to play an old DOS game on a new machine today - it just doesn't always work. If that happens, it will mean either maintaining an old machine and OS just to keep working, getting a replacement editing software from another company and learning how to use it, or joining the BS Adobe "cloud" subscription service for as low a rate as I can get at that time. Frankly, I'd probably pay more for some other software, rather than go crawling back to the ***** that cheated on me, which is how I currently feel about Adobe - like it cheated on me after all we've been through together over the years.
In any case, I expect it to be at least several years before I have to cross that bridge, and I might not even live that long, so I'm not going to spend much energy thinking or worrying about it now.
In all honestly, if the CC price structure for Photoshop alone (which is all I'm interested in from the "cloud" subscription service) was in line with what I paid for upgrades every 18 months or so, I wouldn't have a problem at all with their subscription scheme. But that's not the case. I've done the math, and it's a monetary bend-over without lube.
I'm also a little peeved that they even call it "Creative
Cloud", like it's just a part of the new, trendy "cloud" thing, when it's nothing of the sort. It's a subscription service, nothing more, nothing less. You DL the full software and install it on your machine, where it takes up all the space it ever has, and it simply phones home over the net to verify it's licensed whenever you fire it up. You can even run it for a month at a time offline without it shutting down over not getting Mommy Adobe's acknowledgement that it's legit.
And I wouldn't want it to work any other way, frankly. I want that software running locally so that I don't have to be online to use it, or wait crazy times because of network congestion or the damn cable service going out, waiting for an operation to complete and send me back the data, and crazy crap like that, which I'd expect from a true "cloud" solution where the software is on a central server and I pass data back and forth to it to do edits and get results. That's not the issue though. The issue is one of implying that we're stupid enough to buy into a marketing ploy by calling it what they did. It's simply not a "cloud" service, so don't try to BS me with marketing crap - just call it what it is: A subscription service.
Anyway, that's where I'm at with it. I'm disappointed with Adobe, mostly over the jacked-up price of my standalone Photoshop upgrades, but I don't think it's honestly going to affect me much - I'm simply going to keep rocking my current CS6 and LR5 into the foreseeable future, and Adobe can shove their subscription fees up their feature upgrade pipes.