Seems like a pretty solid deal, if you need everything. I don't know who that person is though. The intersection between Final Cut Pro and Logic users is pretty small, I'd imagine.
I'm that kind of user but I would rather not use Logic, Final Cut, or PixelMator unless Apple really improves those. On top of that there's also the platform lock-in concern.
Subs like this are great for people who can’t afford the full versions yet
TBF, you can say the same thing for adobe creative cloud - the intersection between After Effects and Indesign users is also effectively nil!
But having one simple opex line item for "software I buy for the creative types" is appealing for a lot of orgs.