When will Adobe ever get it through their thick skulls that they would sell 25x more copies if they cut the price by 3/4? If you have a monopoly on something, people don't really feel guilty about pirating it. You're already the bad-guy in their minds. My reasoning is this: it couldn't take them any more time to write the new features for each version than it takes a company to make an entire video game. Games sell for $60 and they generally make a good profit. It's not like they are re-writing each application from the ground up as it is. Just a few new features here and there. So why does it cost so %$#@ing much? Because they CAN. When you take that attitude, you piss people off, and then they pirate your stuff. And so it will be until they decide to stop being an "evil corporation" and start being human.
Hurry up, you only have a few weeks to take advantage of it.
And the kicker is that once you install the CS6 upgrade, you can uninstall/deactivate both CS5 and CS5.5 and give them to friends as gifts. The old licenses are still valid after you upgrade, and it's perfectly within the EULA to transfer old licenses to someone
Honestly, I pay more for my cable package than I would for the subscription model- I think that is what's truly insane. 50$/month for basically the Master Master Suite? Really its not a bad deal. Being a Graphics Professional I can bring in over that amount per week which is easily enough to pay for the subby cost. Is it more expensive in the long run? Yeah, but what about things like 5.5? I wouldn't have to pay an upgrade charge for that, it's included. So long as the cost stays the same, then to me it's worth it.