A lot of good points have been raised in this discussion. I am very skeptical of ANY cloud based software for these very reasons.
With the old school way of buying a disk or downloading the program to your computer one always had the software available. Sure your license may expire and you might not get updates without upgrading, etc. but if your hardware and OS didn’t change, especially for tasks that can be done offline (word processing, graphic design, CAD, CAM, etc) you could use that software as is virtually forever.
Software companies today switching to cloud based offering do make me think of the “heroine dealer” analogy Stephanie S mentioned. I see a lot of companies giving their users a rude awakening in the future once their workflows are heavily invested in their cloud based software and the will just keep forking over money because logistically it is a pain to switch over or learn something new.
I’m extremely concerned Autodesk will go this route as well someday with Fusion360. The capabilities in Fusion360, are tremendous for free hobbyist and small business licenses. I hope they perpetually continue to offer these tools and licenses for free to the hobbyist/small business community. But being cloud-based, if they decide to discontinue that option in the future they can do so with no warning, and no legal repercussions. Compare that to a program like Blender (obviously a very different program) that is downloaded and runs solely on your computer that could continue to be used indefinitely even if future versions no longer are released opensource and free.
And not that I’d expect Autodesk to go out of business, but if a company ever does go bankrupt, there is a good chance those cloud servers are getting shut down too. With the traditional approach once again you still have a copy you can use until something breaks. Same thing can likely happen in the hopefully unlikely event of a war where internet access /satellites/server hubs are strategically targeted as well. You can really cripple a cloud dependent company/country that way.