Mark, yes it is a one year commitment. Thanks for mentioning this. Also, there is a lower price if you are already a CS user (for only one year), and a lower price for educators. Seems like a new way for Adobe to streamline their revenue. Creative Cloud may be worthwhile if an individual or a team use these applications on a regular basis, say, cutting edge web development and need these tools. One just has to do the math, and if one feels they need the absolute latest software. It compels Adobe to add new features in a timely manner across the application spectrum, and Creative Cloud users get them first. I can wait for new features, but, I hope they don't wait on the Lightroom updates!
Happy New Year