Microsoft "Albany" Offers Office and Security as Subscription
News.com is reporting that Microsoft has confirmed a subscription service is in the works for the next consumer version of their Office Suite. "Code-named Albany, the product has a single installer that puts Office Home and Student, OneCare, as well as a host of Windows Live services, onto a user's PC. As long as users keep paying for the subscription, they are entitled to the latest versions of the products. Once they stop paying, they lose the right to use any version."
I highly doubt this has any applicability to a subscription version of Office. When the subscription runs out, it doesn't suddenly encrypt all of your files. You are still free to bring those files to any of millions of capable machines, any print shop in the world, or use the long existing free "Viewer" versions.