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I hope that this also applies to the Subscription usage. As that can then stretch out Fable usage by a lot more.

Sounds like it specifically does not apply to subscription usage.

That's load bearing!

But does it fail open or close?

The gate is green

My understanding is subscription usage generally has free cache reads, but I'm not sure if maybe Fable was different in that regard.

The fact that we don't know is part of the problem. Subscription usage has always been pretty opaque.