The cloud-first approach seems to be working well for databases, and there is still a "boxed" product for those who can't/won't move to the cloud, and they get the benefit of having the cloud users beta-testing the software so they likely get something with fewer bugs.
Personally, I resent Adobe moving to a pure rental model, with no more "boxed" product. As an amateur photographer, I need access to Lightroom and Photoshop, but maybe only use them a couple of hours per month. To have to pay a large monthly expense for an all-you-can-eat plan I don't need just to get the new features doesn't seem fair. They even stopped paying licenses for third party libraries used in the "boxed" products, so some features of LR 6 stopped working, so my "forever" license to those features is not as originally represented. I'd pay for a version upgrade for my LR 6 and PS 6, but none is offered.
Microsoft is offering a metered "boxed" product for those that want one, but Adobe hasn't done that. I wish they would go cloud-first instead of cloud-only.