> And people liked that model, see the huge backlash when Adobe went subscription for creative suite.

That backlash was short lived. Adobe went from $4.4 billion in revenue in 2021 to $23.7 billion. It used to cost $2500 for the "master collection". Now it's $50 a month.

I was one of those people that disliked switching to subscription. I stayed on CS6 for years. I'm also only a relatively casual user though. I once tried Affinity Photo for some work. Their workflow, for my needs, would have made me take ~6hrs more time than the similar workflow in Photoshop. So I paid the $120 a year for photoshop/lightroom because $120 is way less than 6hrs of my life. If of course that was my specific case. It might not be true for others. The point was though, $120, at least for me, is not that much money relative to what I charge/get-paid. So I gave in.

Further, Photoshop is a good example (to me) of software that can't stop updating. New formats come out HEIC for example. New cameras with new raw formats come out. New tech comes out. HDR displays are ubiquitous at this point (all apple products, some large percent of Android, PC, and TVs) (which BTW, Photoshop does not yet truly support so expect an upgrade).