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You still rent 64 games in one year for 50$. For less than the price of a new game you can have at least 10 games that you'll have enjoyed during a year.
You love a game and really want to support the developer, you go out afterwards and buy it as a physical copy. Or buy it online. Or just send that developer money cuz they've earned it.

If there's not ONE game in 64 over a whole year that you could enjoy it either due to: 1. Gaming really not being your thing anymore. 2. Gaming on Nintendo being more of your thing. or 3. You're a dirty, stinking liar.

I'm getting PS Plus and a 1 Tb HDD by the end of next month. I really do NOT see the drawback of this service, no matter how I look at it. And, as I said, if one game out of those I will consider valuable enough for me to hold on forever, I will BUY it without fail.