I never thought I'd say this, but I won't be upgrading to LR5. I've upgraded every time since v1. Loved the software. Thanks for letting me know the long term plans for the software adobe - limited functionality unless I go the subscription route sometime in the future. I was planning to upgrade my CS5 at some point, but I obviously won't be doing that either. Is the advanced amateur group (wants great software but doesn't need to upgrade it all the time) really that small that adobe doesn't give a rip about losing us / ticking us off? Apparently. I'm glad so many others are voicing their opinions on this and apparently talking with their wallets as I will. Perhaps then adobe will listen.
I haven't posted in a long time, but I had to comment on this story. In the past I could justify the upgrade expense (usually skipping a generation), because the price I paid fit my use of Photoshop. Plus, I don't need to have the latest and greatest versions. I have CS5, skipped CS6 thinking the next version would have upgraded video tools that I'd like to have. Won't be upgrading now! I'll keep using CS5 which does what I need it to do and look at another product down the road. No way I'll be paying Adobe a monthly subscription. It will be substantially more than I've been paying. I sure hope LR doesn't go down this road. I agree with so many of the comments from others. Hope Adobe is listening.