C;mon Mark,
We're all turning to subscription, for a lot of good reasons. Mobile phones (smart and not), TV, music, cloud services, anti-virus, netflix, radio, on-line streaming, pay-per-view, water cooler, coffee service, maintenance plans and on and on. It seems like iTunes was the thin edge of the wedge, but now I;m sure I must license more products than I buy. And seriously, you WANT software delivered on DVD, when you can just click on a link? Who keeps DVDs, keeps them labeled and sorted, and why?

It makes perfect sense for businesses, because they don't have to commit scarce capital up front, and they never have to worry about different version or release levels. In fact, businesses have been working this way for years.

You've totally overlooked that O365 also throws in the equivalent of a Small Business Server, running on ultra-stable (guaranteed SLA with cash penalties} Microsoft cloud server, with all-out MS ForeFront security. You get:
- SharePoint Server (not on your charts) - with SkyDrive, a brilliant data-anywhere manager,
- Real, painless Remote access,
- Web Apps so that you can work on any document from anywhere, even if you don't have the desktop apps, or (more important} if your device (Android, iOS) is not secure. By leaving all of the documents on the server, your smart-phone, tablet, or public or home PC can be hacked, but never give up your data.
- You can collaborate on-line from anywhere to anywhere, with Lync (also not on your charts). In fact, Lync Server comes free with O365, but was never in SBS.
- Oh, and before I forget, Microsoft Exchange, so that you can move over to a proper and secure email system with full control.

For all the same reasons, we should rejoice that home users are moving to subscriptions. Not only can they work safely from home, but work the same collaborative, secure way within their family. And no one has to worry who's got what version, because everyone is always up to date. I got pretty tired of "what can I send to Jenny; does she have Office 2000, '03, '07, '10 or Mac? Can I down-convert? What function will be lost? What will print correctly and what will blow up?" Now, Jenny's on subscription so we're both the exact same (yes version upgrades are free). Why was Jenny on such an old version? Well she paid her $600 for Office Pro once, and was not going to pay it again every three years to get just a little more function. Even the upgrade price was prohibitive, but now it's zero.

So c,mon. It's 2013. Sign up, log in, and enjoy everything all the time.