Yes, and, op's point stands.

I am one of those people: 1. Absolutely despise the lightroom being subscription and 2. Haven't switched yet.

There are moats and capabilities and friction. Not every vote with your wallet is a ringing endorsement. I have 15 years of lightroom databases over 100k photos so switching is hard. At the same time those are from the time I did a photography side gig, now I don't so monthly cost for no monthly gains really peeves me.

So it absolutely is a successful business decision and it absolutely is widely despised by customer base. Both are true :-)