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Originally Posted by c00lk1d
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He bold markigs make clear it WON'T revert to a limited version so yes it will keep working.
But you won't be able to get the bug fixes and update till you connect (logical IMHO)
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IIRC, they're deploying CorePlayer Free, which is what CorePlayer will revert to if it doesn't get a chance to get a new 'token' from the server every now and then, once they get the Social Networking stuff deployed. That is missing the paid version codecs, from what I recall.