Confusing license - an Adobe trap into 'pay forever' or lose access to all your Lightroom edits?

I've read the FAQs and I don't see my question about permanent licensing there. So I am asking here.
I did see this misleading FAQ from Adobe though:
"Will I lose any photos if I discontinue my Creative Cloud membership? No. Lightroom doesn't change the location of your photos. They remain in whatever location you chose when you downloaded them to your computer or imported them into Lightroom."
What weasely rubbish! There is nothing stated here of course, that you will lose access to ALL YOUR LR5 EDITS if you don't pay for Ca$h cOW forever.
As I understand it, LR 5.2 will copy and convert my LR4 catalog that I can use forever, to a new catalog copy in which I won't be able to edit my photos on an ongoing basis unless I pay Adobe every month, forever.
Have I got that right?
Also, if I understand it correctly, I could now pay the upgrade price of $80 and get a permanently licensed upgrade to LR5. Is that correct?
Will the LR5 permanent license upgrade be available to me next August if I decide not to continue my $20/month Ca$h cOW?
Or is this an attempt by Adobe to lock us all into paying them forever?
Brett

Let's be realistic here. For $20 a month you get Lightroom and Photoshop, future versions included. Right? (and if you had a previous PS license you'd get it for $10, but apparently you didn't qualify for that).
Take a look at your monthly bills. What do you pay for your cell phone? I bet it's four times that (it is for me). These days you pay by the month for everything. I'm surprised it took software companies this long to catch up.
And this is, after all, professional-grade software. Ever try an AutoCAD subscription? That you would really notice on your bank statements.

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