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They literally already did that in the same press release which announced this 15->5gb change. Office 365 subscribers used to have unlimited, but it was dropped to 1TB.

Went through this with Dropbox when I lost space provided under a time-boxed promotion. I could keep data that was already in my Dropbox, but I couldn't add anything more until I dipped below the new limit.

Well I tried out Symantec's/Norton's Cloud Storage (25GB freebie) They lock you out.

I expect what Amazon does: Amazon just let me keep the files, but won't let me change aanything when they removed their free ofering.

Dreamhost had 50GB of backup which they no longer offer, their file permissions were so mangled you could traverse and download stuff from a good portion of their clients.

To be fair they didn't just suddenly change this. I am not sure exactly how long its been but it was at least 3 months ago that they announced it.