Nope, didn't miss that Bruce, it's a good point. See, 75% of their clientele were free folks. That leaves 25% as paid folks. 100% of these people can no longer post photos to 3rd party. Nearly all of these folks are pissed off and 0% will cough up $400 for their crappy subscription.
PB has enraged it's entire client base. They have no business model. Out of a thousand possible options this route may have been the worse.
A couple of years ago when PB was having trouble I sent them a suggestion....see, like Waterman I too purchased stuff from PB. I hate going to the store to print photos, this was super easy.
What I suggested was that PB clients spend a minimum of $25 per month or be automatically charged $25 per month. Either way they could maintain a fully active account without restrictions.
I'd do that in a heartbeat and I bet a lot of other people would too. That model would be a guaranteed revenue stream, customers would be happy and if they weren't they could take their photos elsewhere.
The route they took, everybody loses, including iboats users, customers, and even PB themselves.