VMworld 2012: A Contrarian Position on VMware’s New Licensing Model

Given the level of applause that greeted the announcement of VMware’s new pricing model, I know this will open me up to criticism, but was the old VMware licensing model really all that bad? It certainly wasn’t perfect, and there’s an awful alot to like about the new model, but was the old license pricing model so bad that it could only be fixed by ripping it up and replacing it with something so very different?