I have heard exactly that same sentiment expressed about thousands of products since the mid 1990s.
Exactly, my issue isnt with requiring a connection now... it is what happens once EA turns off the server once the product reaches end of life.
When I was in school, I hear my professors talk about the same thing. They weren't complaining about SaaS. They were complaining about service bureaus, such as IBM, that had exclusivity requirements. They also complained about vendor lock-in, code escrow, and what happens when a product reaches its end of life.
Your argument is certainly valid, just understand that it is not new, nor is it exclusive to this one product.
That argument has been around since the beginning. As far as I can tell, that same argument will continue to be valid until the very end.
This argument is also one of the key features behind the F/OSS movement --- If you do not have the source code and the source data, you ultimately have nothing.