I'm with you intellectually, although I haven't lost nearly the monetary amount that you have. I wasn't a subscriber--I made a deal with myself when Everquest came out that I'd never subscribe to a MMORPG until I was out of the Army. But I was very interested in APB. Similar to how Beck (and Cake, and Sublime) made me hopeful for the music industry, the initial press for APB made me hopeful for the gaming industry. Sadly, they not only stepped on their dick but with this last announcement have also managed to piss off whatever fanbase they had.
My apologies to you. I was really, really hoping APB would be not only good but fantastic. There is, somewhere in there, a good game. RTW just managed to hide it.