At least it's no so expensive.
* PyCharm, RubyMine, PhpStorm, AppCode and CLion were 99 + 59/year, new license is 99/year (more expensive from year 2)
* WebStorm was 49 + 29/year, new license is 99/year (more expensive from year 1)
Things have gotten significantly more expensive across the board, and if you don't need the new version or can't pay for it… you lose your IDE.
The new licenses are absolutely terrible for holders of individual licenses.
The use-it-all yearly price is cheaper, plus I can try their other IDEs. (Looking at you AppCode!)
Seems like a win to me. I heard about the change through the OP, which filled me with dread. Then I went to their website, which filled me with relief.
I've always found their IDEs worth the price.