You are absolutely right. As someone who uses PHP, Python, JavaScript and a little Ruby, I had purchased IntelliJ so I didn't have to renew multiple licenses each year. If they had just come out with their "All Products" subscription service at $149/year, I would have signed up for it immediately.

I don't like their proposal that I must forfeit my perpetual license to IntelliJ to take advantage of the lower price and that if my subscription lapses for any reason I'll be forced to pay an extra $100 a year!