Are Adobe about to abandon hard copy updates for photoshop?

The rumours are spreading like wildfire. Are adobe about to abandon the updating of Photoshop software by 'hard copy single payment' to a monthly subscription based update?

Well I guess I’m coming at this from using Photoshop for 17 years… and thinking long term.
IF I switch over to the Cloud and IF Adobe does not raise the subscription fee…  In ten years I will have paid Adobe $2300 for privilege of using Photoshop. Then I retire, then my income drops 60%... then I have ten years worth of work that I can no longer afford to open as an editable PSD file…
From a company that developed and promoted DNG… it seems oddly unfriendly to the archival access of personal projects to allow full access via subscription only. Most users feel Photoshop is a tool, not a service. The current Creative Cloud model says Adobe feels differently.
And I am not anti-cloud by any means. I just feel the proposed license model is not very considerate of many consumers… especially the mid-tier or hobiest user.
But… Photoshop Beginners Forum is not the place for this chat.

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