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CDiablo said:

The more subscribers, the worse the games will get. Sony could afford to bring people in with loss leaders on the original PS+ but once it became mandatory for online the losses are likely too big to consistently give out retail games. I wouldnt expect any top tier game other than Sony ones(Knack and KZ will be free soon enough).

Keep in mind the service WAS once free games+discounts. Now the service is the ability to play online with bonuses of free games+discounts.

Finally!

 l almost never see this posted despite how obvious it is. A few years ago ps+ was very niche with less than a million subscirbers. Now it has over 8m. Apart from indie developers I can't see many developers giving their games away to that many people, so the days of AAA ps+ games are most likely over.