Perhaps this is a country/regional thing, but I
definitely do not expect to be on the hook for the whole year. In Australia it's quite common to have phone/power/gas/insurance plans that are 1/2 year contracts, but to cancel it you pay a small fee.
If fact, when I think about things I currently pay for, none of them work like Adobe's contract.
- I have a 1 year contract with my energy provider, the cancel fee is ~$45 and I must give them 20 days notice
- My phone has a 24 month plan, to cancel I pay any remaining phone/accessory payments and nothing for the plan, that's it
- My car insurance is paid annually in advance. If I cancel 6 months in they charge a $40 fee and refund me the pro-rata amount for the remaining six months
My point is Adobe could be upfront and clearer with the overall pricing, terms, renewals, and cancel fees — I don't think they are at all.
Edit: fixed some formatting issues