I have two points to add to this news:
As a license holder (i.e. I paid for it) of Illustrator/Photoshop/Acrobat/PageMaker, I don't really mind if they have a product activation, but they should bring the price down if they do that. They over-charge for the product, and this fuels the piracy. Almost everyone I know has a copy of Photoshop on their PC/Mac, and yet none of them are photographers or design/print professionals. I just throw my hands up in the air when they ask for help, telling them how long I trained on the application, and how they should downgrade to a program more suited to their needs - e.g. 'Photofaff - for people who want to faff around with photos'. I, however, need these apps to do my work.
It would be better for Adobe if they would move to a modular design, like the plug-ins, but for the core engine itself. Instead, we get more and more features which are turning Photoshop into a MS Office application. But I'm not a software engineer, so I'll stop there.
I really like the Adobe products, and the advances they make with each release, and I'm dependent on their capabilities for my work, however, I do wish that they would fix their bugs as a main priority, rather than introducing new features. It's great to talk about Acrobat 7, but I still have to use Acrobat 4 for some work, because of bugs in later releases, and the fact that generally printers are slower to move to new technology. I was pissed by the fact that Acrobat 5, for example, only had 'Classic' Distiller. WTF? And they never addressed that fact, instead releasing Acrobat 6 and wanting money for an upgrade when it should have been free. And we can guarantee that Acrobat 7 Distiller will have some killer bug in it which will prevent hoards of people adopting it straight away. With such a strong programming team, it shouldn't be that way.