Yeah, they do seem to be, and the functionality of the outright purchase is limited. But seriously... $100 (well, 99.99) for just the desktop version? That is really really expensive, and more so when you consider that its not got all the features of the sub model and you would eventually have to buy it again.
Until something similar to Wallet pops up, I guess I will keep on with it. I'll also take another look at Last Pass but I dont think it will fit my needs. Some of the apps seem to want to deal with everything (even Wallet has a shopping list... wtf?) But all I want is somewhere to keep application licences and login passwords, as well as VoIP, payTV etc.