That's my understanding as well. The more I think of it though, the more I think that that's just fine. As long as the bug updates happen and all is kept going and the lights stay on over at Bloom, Day One 2.0 is a very nice package just as it is. Before I had multiple journals, I simply used to differentiate by tag, and that worked well enough. I currently use only 4 of the 10 I have at my disposal, just because I haven't found a real reason to change them all that much. The tags work fine to find what I need, and you can export by tag, so what's the point in a million different journals? To me, it's just clutter. If everything works just like it does today for the rest of my journalling life and I don't pay anything, that's not a bad scenario at all.
Really the only burn for me is that I wouldn't be able to avail myself of the audio recording options going forward (assuming the folks at Bloom don't pull a nasty and add international printing of journals as a 'new' feature that requires a subscription--book publishing was a part of 2.0, so international book publishing should fall under that umbrella if they want to be fair). But audio--that would have been nice, and it WAS promised for 2.0 but Bloom reneged. There's been lots of times where I am someplace, and I want to capture just a moment of sound to complement the entry--surf on the shore, the bird singing in the back yard, the crowd at an event. It's rare, but it happens. But for the money, I have lived without for this long, and could continue to do so. I guess I could even link to an external audio file from the entry, but I haven't found an elegant way to do that.
Otherwise the whole 'unlimited everything' thing doesn't strike me as necessary for my journalling. 10 photos is more than enough for a single entry--if I need more, I'll make another entry, or better still go to something like a photo album, which is where it belongs more. My video needs have been handled by YouTube forever (and those can be elegantly included in a Day One entry already). I've already said I don't need unlimited journals. Upon thinking about it, this situation isn't really a dire one for me in any case.
Maybe I'm just not the intended audience. But for me, if I wanted a full-on multimedia experience of journalling, I'd head to WordPress or SquareSpace and for about the same as the annual premium price of Day One get a full-on private blog and use Ulysses as a front end CMS. Problem solved.
In fact, I sorta worry about Bloom adding all of this. Once audio and video come to the mix, assuming for a moment that they even get enough subscribers to keep the ship afloat, maintaining that proprietary sync solution will be hell, and *expensive*. In this way, I think Dyrii's got the way better idea in letting people use whatever storage they like and pay for it as a back end. Offloading that to Day One sounds like a bag of hurt for Bloom, and yet another thing that might well kill this whole thing one day.
Anyway... I'm rambling. Sorry.