Yep, their argument against game preservation is that some people may use the preserved games for *shock* recreation!

That is an idiotic argument.

You’ve nailed it with these two points.

I’d like to add they specifically want to determine when and where you access their IP.

Yep.

If its possible for someone to choose an older, less expensive game, then that means those games are market competitors for similar modern games, with more mechanics designed to coax money out of you.

Its basically a hyper charged version of planned obsolesence.