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RANT - Diablo IV : consumerism is a manufactured disorder
(lemmygrad.ml)
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I paid 90$ for D3 (base game + expansions later), from 2012 to 2023, got thousands of hours from it. There's really no competition for Diablo 4 beside POE2 (not released yet), POE is not as polished and new, so as long as Diablo 4 base game is solid + there's certainty in continuing supports then people will pay for it. I haven't bought D4 though.
Also, we have mobile games + gachas in Asia so it's more of the industry thing.
The lack of real competition is one understandable reason to still play it you're right