You're still basically renting to own software you never actually own.  Stop paying their fee's and you're stuck.  My copy of CS5 however will continue working for the next 10 years if I decide to keep using it, no fees required.  In the long run, if you use this software regularly it will end up costing you more, not less.   For that annual subscription you're looking at about $600 (and read the fine print, you can't buy just one month of service... its a FULL YEAR or nothing, if you cancel after one month, they still charge you for six months or $300).  Even for say just Photoshop, you're looking at a minimum of about $120 ($19.95 x 6 months), which is a little lest than what I paid for my copy of CS5 Ext (I paid $160, bought it at a discount) and I can use it all I want, whenever I want, for as long as I want.  You have to keep paying and paying and paying and if you stop, 30 days and your software stops working... period.  In two years, you'll have shelled out $480 for photoshop alone, I'll still have only paid $160 once.  And you'll still be stuck with a monthly subscription for software you're dependent on.  Sure, you get the lastest version, but do you know how much better CS6 was over CS5... why it was so improved a lot of people didn't bother upgrading.  Still sound so affordable?

Cloud stuff bascially screws you over, it gives Adobe all the control and leaves you dependent on their whims.  Whatever fee they decide to charge for it, whether or not you can afford that.  If you're a hobby artist, maybe you're okay with that.  If you're a freelance artist who depends on certain software to make your mortgage payment... not so much.