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I have several objections to this new scheme:

1.) It's clearly designed to shove people in the direction of renting; yes product activation and other perpetual beta releases were baby steps.

2.) Requiring a constant internet connection is useless in a mobile world. Every laptop then must be equipped with the standalone. What's the point of the 365 release covering five (5) PC's if I can't use it on laptops.

3.) It's another of MS's useless intermediate releases (Win ME, Vista, Office 2007) that offers almost nothing to the consumer but a push to bad or diminished choices that favor MS and give them a revenue boost.