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I've been using it since September.
Its a cool deal... download all the products you want for $49.95 a month or just $19.95 for Photoshop.
Every time they come out with an update your application manager lets you know and you install when you wish. No need to wait until next retail upgrade and installing the next version. Its just there.
Losing Internet doesn't stop you from working that day. There is something like a 5 day grace period for that, or for when you might be playing with it on a plane or in a motorhome with family, etc.
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