I wish I could say I am surprised. I'm stunned, but not surprised. When WotC pulled e-Tools out from under Code Monkey, there was already a hint that they wanted to do a massive online thing.
I can't begin to think of how many wonderful things I found in the pages of Dragon. I started with issue 3. I remember laughing at Wormy's 'slithering hisser' or 'hissing slitherer', the first time I used a variant when I came across the witch class, turning to the back page for Martian Metals ads that were always fun to read, my first Larry Elmore cover... there are so many more. Including more recent ones like that halfling cover, great fiction from Elaine Cunningham, the Wizards Three returning, The Princess Ark's reappearance, Oots Vecna...
I've loved the adventure paths from the moment they started. That inspired me to purchase my first copy of Dungeon. Then there were so many good reasons to keep buying it so I eventually subscribed. The adventure paths are my first reason for reading it though.
I'm pleased to see you guys have a plan in mind for after the licenses expire. I'm more than happy to get the chance to take the money I'd already spent on Dragon and Dungeon to try out your new Pathfinder product. It sounds like I'll love it.
I wish, however, really wish, that I could still subscribe to Dragon. It's been a part of my D&D life for a very long time. I'm so going to miss it.