Adobe's biggest mistake is pricing.

The cost of Creative Suite bundled in losses from piracy. A Creative Cloud subscription costs pretty much exactly what Creative Suite does--without having to compensate for losses to piracy.

Adobe should have provided incentive to switch by dropping the price. If they can truly eliminate piracy then their profits wouldn't be hurt by dropping the price substantially. Doing so would also generate a lot of good will among users.

Keeping prices high with no other option will just encourage new forms of piracy that much sooner. Until now, pirates could just ignore Creative Cloud. No more. I expect we'll see cracked activation proxies within a few months.