You can find the deal for Photoshop Photography Program here. It's a monthly subscription that's renewed every year, so for the first year, it'd be US$120. As for whether the rate sticks, a lot of signs point to freakin' yes.

In fact, I've already signed up. Thought it might be a good idea to make this known to more people, since, well, this offer's open to anyone. It was originally for users of older Photoshop CSes.

I plan on using Photoshop/other Adobes for a pretty long time to come, so for me the subscription-based service will probably be more expensive than the one-time payments.

The idea is pretty cool, though.

Oh yeah, I've been seeing promotions for their cloud apps all over the place, even more so than the standalone desktop applications. I wasn't sure what to make of it because I wasn't sure if the cloud apps were as good as the desktop ones. I'm guessing yes now.