After reading the FAQ:
Referring back to an older post I had replied to:
2. Portfolios can come in and out!
2a. You don't lose access to your data!
3. Not a closed system!
4. Not in maintenance mode! (just no Starfinder, maybe)
So looks like the sky isn't falling!

Referring back to an older post I had replied to:
1. Online only but looks like it will have a view mode!- HLO is online only, requiring an active connection to use. (They already said this.)
- HLO stores all information online. No portfolios in or out.
-- Side Effect: If you stop your subscription you lose access to your data.
- HLO is a closed system. No data files. No authoring kit. No custom outputs.
- Desktop Hero Lab is now in maintenance mode.
2. Portfolios can come in and out!
2a. You don't lose access to your data!
3. Not a closed system!
4. Not in maintenance mode! (just no Starfinder, maybe)
So looks like the sky isn't falling!