[polshaw]

There is no one i trust with my data more than me, and large projects have a poor history with trust/privacy.

When I talk about licencing i'm talking about the future: where you could use the cloud to access full fat programs like photoshop (after getting over any technical issues with remote installs). AFAIK there aren't provisions in current licences for such things.

Even if you have to spend for (more) local storage/backup, it is very likely to be much cheaper, and i would have a strong preference for the buy-once (and own) rather than rent monthly model.