Adobe products alone cost anywhere from $200 - $1000. At $50 per month, you get access to every Adobe product, but after 4 - 8 months you'd have been better off just buying Flash alone ($200 - $400 depending on the seller). Add Photoshop in at $600 and Creative Cloud is a bad deal after a year and a half. Keep adding in more time for more programs if you use them.

Student pricing is lower ($30/month) but you can only be a student for so long before tuition empties your wallet.

Currently, I'd say Creative Cloud is only a good deal for people who use most of Adobe's products on a regular basis. If you just use one or two, buying the standalone products is more financially feasible.