Clearly, the reaction to Adobe's announcement spurs Microsoft into stating its position about cloud-based and desktop-based software.
However, unlike Adobe, we think people's shift from packaged software to subscription services will take time. Within a decade, we think everyone will choose to subscribe because the benefits are undeniable. In the meantime, we are committed to offering choice--premier software sold as a package and powerful services sold as a subscription. Microsoft To Continue With Shrink-Wrapped Software, and Subscription Software [blogs.office.com]
A lot of the Microsoft "packaged" software that I see these days consists of a download link and a software license printed on a plastic card. I have no problem getting rid of all my software CDs and DVDs if the new licensing deals seem comparable.