No pay, no stay.
eMail is goners.
Perhaps Apple should offer a .Mac service that's cheaper, without some features?
Perhaps let people mix and match services?
I bought it and will renew. Posted an iCal for my golfing buddies, movie for some friends in FL, use the email account as a backup. The provider I have has so many filters on my main account that a few (just a few) people have trouble emailing me from their company accounts that are on MS servers that are not set up correctly. Use the iCards from time to time, and certainly backup a few files on it. Having the address book and calendar available when away from the house has been convenient too.
Could I live without it, sure. Is it easier with it, sure! Is it worth the $99, marginal but 250MB of storage is worth something.