If the subscription pricing was a "steal" and the perpetual licensing was genuinely more expensive and worse, they'd still offer the perpetual licensing.

Instead they killed it, they clearly do not want to cannibalize their subscription offing. It clearly makes them more money.

Your first point is valid, I was misunderstanding the yearly subscription pricing, they offer an upfront payment as well as a monthly (but with year commitment).

I believe still however, if you pay for a year, cancel, you still get access cut off. Which is absurd.