Excellent decision Bioware, I applaud you and look forward to what you provide for the players.
I for one will continue to subscribe so that I can enjoy everything the game has to offer and get the perks that come with it. I have been a subscriber since Day 1 of Early Access with the Collector's Edition. I enjoy the game and the content you provide, despite what all the haters and trolls have to say (every day) about how "terrible" the game is.
I believe this new model is an acknowledgement of the changing business model of online gaming and reflects the best way to approach the market now.
I agree with this post.