What does any of that mean?
At the moment, you can buy Creative Suite for a set price and it comes with a plethora of products - Photoshop, Illustrator, Premier, After Effects, etc. etc. Once purchased, you were entitled to all upgrades, and you owned your software (as per usual when you purchase programs and the like).
Adobe today released that they are discontinuing Creative Suite and will be only updating and (within a year or two) will only be selling Creative Cloud subscription based programs. Under this new plan, you pay Adobe monthly to essentially "borrow" their software. That means, the time which you stop paying Adobe a monthly fee for the software, the software "bricks" and becomes unusable.
Personally, I don't use a whole lot of Adobe products, but I personally see this as a very dangerous precedent of pay to "rent" software. Perhaps it's the open source, Linux in me that has all the alarms going full tilt. Based on the Adobe MAX convention, there are a lot of neat upgrades (in fact, it's still going on now), but is it worth forking over 40-80$ a month to utilize?
What do you all think?
(Need some more info? CNET has a nice write-up)