It's amazing how many people in this thread are not only defending this, but talking about how great this licensing model is.
I'm guessing all these people have startups (or ideas for startups) that rely on gouging customers with never-ending subscription models.
I personally think subscription licensing models is the worst thing to happen to the software industry. I miss being able to purchase and own copies of software. I recently stopped using any Adobe apps and moved my entire workflow over to the Affinity suite. I prefer to support developers who don't rip-off their consumers