There is a lot of misunderstanding about the "cloudiness" of CC. The recent outage didn't take all the subscribers down, at least as long as they are using local storage for their work. The software runs locally. It would actually be a step forward if, say, they came up with some killer algorithms that require super-computer power to run and gave subscribers access to those cycles in the cloud. But currently, the cloud is mainly used for license validation (periodically) and software updates.
Adobe is leaving money on the table by not accommodating the customers who used to go for every other or every third update. I expect that within a couple of years they will realize this and come up with some sort of hybrid subscription/perpetual license scheme.