Compare that to other Jetbrains products, where you pay similar amount once and you can use it forever and you'll see how huge step back it is.
I'm happy for everyone in this thread, that it's trivial for your organization to budget $100k+ (realistically, for mid-size org it's something like this to fully integrate and then pedal back from solution of this size if suddenly you are out of the money - eg. Atlassian estimates 9 month+ migration for its jira instances), however for me it's still kinda big bet :-)
Please take a look at other Jetbrains products - you pay for them once and if you decide to not pay anymore you can still use current version indefinitely.
Honestly I really don't understand people that say that's reasonable pricing - all these "coffee a day" subscriptions tend to quickly amount to salary of additional developer and you have no flexibility to cut it without serious issues.