I topped up a few years of Essential with cheap credit a while ago. That will last until summer 2024, but after that I'm out too.
I hardly use PSPlus at all, the "free" games are a joke, especially as they are only borrowed, and blocking the multiplayer mode behind a paywall that is unnecessarily inflated with pointless "features" and therefore expensive, rather motivates me to stop being a customer in the future.
If there was a basic tier with cloud saves, updates and multiplayer for a fair (!) price, I would be there, but these 3 models, especially at the new prices, are a cheek. Coupled with the current course Sony is taking (focus on GaaS, multiplayer, CrossGen, streaming), they are losing me as a fanboy bit by bit since this generation.
Unfortunately, I believe that this, my, decision will not motivate Sony to rethink. Of course, if the masses would join in, Sony would have to rethink their strategy, but I think the current players are now too young or too comfortable and used to such tactics and don't know "the good old days" anymore, or rather they let it happen to them.