Well well... Waves definitely make some great products, albeit quite pricey. I think everyone can agree on that. But indeed, a lot of people still buy them, just like you point out. What I think deserves to be said though is that a lot of studios probably feel like they "have to" have them to attract clients (especially the ones that have different producers coming in). It's a competition thing.
That's true of course, but surely the company can't be blamed for having a reputation like that
You could just NOT buy wavs plugins (that was not an insinuation to steal them). That's what I do.
That's what I do too, and I'm quite fine with it. Just like I'm fine driving a car that wasn't the most expensive in the store.
Actually, my car is crap but you get the idea.