I think the internet connection issue is the least of the problems here. This is just so wrong on so many levels. It’s nothing but greed on Adobe’s part. People weren’t upgrading enough, so they start charging regular fees to all those people who can’t live without our product. It’s practically extortion - a small time user or freelance will have no choice but to upgrade if associates or clients use newer versions. It’s as if you bought a car 2 years ago with cash, and the dealer now says you can only keep driving it if you pay for a lease plan (which they can revoke or modify at any time). How many people do you think would go along with that?
What if you can’t run the latest version because of hardware limitations? Will they force you to download it? How many versions back will be available to cloud customers? What happens when the licensing servers are hacked (like Sony was that time) or go down and you have a deadline?
I’d be willing to bet they will be uploading metrics info and will know exactly how you work and perhaps (puts tinfoil hat on) even what is in your files. I’d guess that your actual work files will still be stored locally on your machine, but who knows. Everyone seems to be in bed with the NSA these days, so the idea that they may want to access the subject matter of your files is not that outrageous.