With LR, the team has to provide useful features on a regular basis (2-3 times a year?) for the core audience (Photographers) or it will fail to work under subscription IMHO.
This is a concern of mine as well. While I don't lose sleep over it, I do wonder how soon and to what level complacency will set in for Adobe.
While I have zero doubts that those folks on the Lr team are more than capable of creating viable solutions we haven't even pondered yet, I am not as confident that the executives and accountants who make fiduciary decisions will give the team the resources and timetable to offer us what we have become accustomed to.
Once CC has reached the point of saturation where the number of subscriptions no longer show growth, it won't take long for the bean counters to realize, that revenues, and therefore profits will not increase no matter how many (or how few) new features or enhancements are added to Lr. Or how timely those items are released.
This was one of the great virtues of a perpetual license, it forces a developer to offer something worthy enough to generate a desired income in a timely fashion. In the absence of a direct competitor, there is little incentive to push the envelope when one has a more or less captive audience.