I am also a bit sad about the situation.
Out of shock I concentrated on shifting to Cubase last year, but all DAWs have pros and cons. In the end its just not worth the effort at the moment, especially since noone takes anything away.
After one year of hoping and observing, I calmed down a bit and decided to stay with S1, since it offers all I really need and with nifty addons, it fills a lot of gaps I miss from other daws.
However, I will not spend any money on S1 until I really need a new addition and I really really hope the Presonus understands the damage they have caused on their reputation by this weird move.
I have to admit, that many things from 7.x are really useful and make me actually stay with the daw, but I would have never thought that by reading the feature list.
I hope that this won’t become some kind of dilemma for the devs, because minor updates are less shiny but in most cases of higher importance.
And about the update cycle…the wording was 3-4 updates per year. They still can manage this for 2025. But for me it most likely wont be 3 upgrades within my update period, which is somehow not acceptable. If you remember that a full year of update was included in the prior versions… It still feels like a punch in the face for people who supported from the first minute, although the caused pain is not so much anymore
Still the bitter taste stays. Lets hope for the best.