I've got one, and I'm not upset. In fact, I already signed up for the initial $49 discount year.
You have to remember that the mac.com email address is only one tiny part of the overall iTools (now .Mac) package. Unfortunately, some only used iTools for email, and thus they are understandably upset. However, word is that Apple may be offering an "email only" option for free or very minimal pricing. For those that use iTools/.Mac for email only, I certainly hope Apple ends up offering this feature.