Sigh. Whatever.
The license doesn't change. You are arguing about the ability to revoke it by taking it from you physically. That is two very different things.
The license did not change. If you download a game and turn off the internet, guess what, it isnt going away. If you clone the drive and restore it, it isnt going away.
These are just weird semantics. There is no reason (and it has happened before) that the same thing couldnt happen with a physical device as long as you connect it to the internet. They could revoke the key from a physical disc just as easily by banning it from the device if they wanted to.