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08-03-2010
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IMHO, I don't think that business model works for an existing paid product in this economy.
A) You risk losing some paying customers who are looking to cut back and realize they can do without some features.
B) You have to move/invest resources in a product line with no revenue potential. I know, open-source yada yada, but it still has to be managed as a product and maintained as a service by someone(s).
C) You're entering an existing (free) marketplace as a serious underdog to Google & Yahoo. If your market is the low-end need, why would a potential user move away from the established free product & brand.
Just my thoughts. Your mileage may vary.