I can totally understand people preferring to buy and own a license for software, and that the idea of perpetually being billed for and tied to a monthly service in order to continue to use an app could feel jarring.
At the same time I've been using the Creative Cloud since CS6 - the company I work for upgraded the CS5 Design Premium bundle I was using; the pricing structure worked out cheaper which benefitted them, and I could download any of the CS6 Master Collection range of apps to my heart's content, including apps I didn't have access to in the Design Premium bundle.
The range of apps and services the can be really valuable, but only if you need them. As such, I think it would have been a better move for Adobe to offer the Creative Cloud alongside traditional licenses as they did with CS6.
For many companies it's a no-brainer, but I can certainly understand frugal freelancers wanting to just buy and own the software they use to make a living.