Well, at least there is no hardware dongle, like the poor Lightwave users have. I used to own Lightwave, and If the dongle became damaged or accidentally fried (as it did in my case ), the software would not work. It was a case of send it back and wait for a replacement. A new one took 3 weeks to arrive.

Personally, I think Maxon have the right idea with Cinema 4D XL 7, the 3D software I now use. You only have to register once, by email or post, and you are sent a permanent serial number that can be used no matter how many times you reinstall, change your PC or format your hard drive. And this software is far more expensive than Poser 5, and I would have thought, be more attractive to piracy problems. Just my personal opinion.