Yes, I had to pay a fee equal to 50% of the remaining year contract. I will no longer receive PSDs directly from designers, so the designers must now to export stuff to web spec so I can work with it outside adobe.
Be careful though, some card issues will forward the new card details on to (some?) services you have a payment agreement with.
Adjustment and FX layers don't translate, as well as some compositing and blending options.