I also liked that they don't make any attempt at claiming this is for any reason other than more money. No "oh our new models are too powerful to run locally" or "oh for security reasons" or whatever. Which would be pretty transparent bullshit but I think a lot of companies would try anyways. This literally admits that the cloud functionality is identical, just paid per use.
Imo if you bought the product in this state, fine, but if you bought it before they probably ought to have to grandfather you in forever.