It did not enable us to cut the cord from servers. That is only true for a current install. Many people change enough of their computer every year to need a new install.
Plenty of reason for life timers to be upset. It basically lasted less than a year and a half, that is a complete sham. But more importantly this means no patches going forward and at some point will likely not operate under windows properly or will not install at all. All this talk about the servers are still up is not something we can count on for decades to come.
Lifetime updates went public about June 2016.
I have no problem using the current version for a long time...but that asumes it will actually continue to work and be installed on as many future machines that I buy. Buying lifetime updated was insurance for that, as of now, this insurance purchase isn't looking promising. Hopefully that will change.