I am one of the disappointed customers that were hoping to see perpetual licenses still on sale, mainly because I wanted S26 features.
As a hobbyist, with two children, I sometimes can't do anything in C4D for months, so the subscription model does not match my needs.
And I think it is right to expect SaaS to expand to more softwares, maybe even OS, there is no limit to human greed.
But I don't believe that the cloud will be a long term solution, because everything going to the cloud would raise a lot of internet bandwidth issues in many places in the world. That would also require so much power to run more servers everywhere that the impact on climate change would be worse. And it is not a minor problem.