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Excellent post - I agree with most of your points. However, I do believe that for some customers (like myself), an imperfect subscription service would nevertheless have strong value compared to traditional business models. I own very few audio CDs, and hence the equation amounts to either buying one new CD this month, or having access to tens of thousands of songs that I don't already own - for the same price. Granted, I would prefer to also own all that music, but what I would be willing to pay the monthly fee for is to enjoy that music in the present. If that company does go out of business ten years later, the quality of my past experience hasn't been degraded in the least.
Most of the items that I spend money on, including technology and entertainment products - not limited to services - will either be consumed, broken or outdated to the point of losing all value within the next ten years. If the company I am accustomed to renting music from goes out of business, my loss will be no less acceptable. Also keep in mind that if I switch music providers in ten years, I instantly have access to the equivalent library of music, so I've lost very little.
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