A) I would never pay that amount. What I would do instead would be to purchase a long-outdated copy for near zero and then buy an upgrade to CS4 off eBay or CL. The money outcome would be similar, no money to Adobe.
B) Adobe thinks that pirates are a help. For the price they charge, Adobe could easily put together a hardware dongle, if they wanted to completely prevent piracy. Instead, they've put in simple DRM, easy to go around with a little effort. The pirates then become a part of the CS5 infrastructure, and are not developing a support system for the other image programs.
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