I also like getting three minutes of video, up from 90 seconds of video playback for my clips. But I'm limited to 50 MB for each image and 500 MB for each video clip. This is better than what people get with sharing sites like Facebook or Instagram, the two places that have stolen a march on Flickr since the iPhone entered the market.
It feels like Yahoo! wants me to simply convert to a free Flickr account but I can see a lot of value in the faster service while free of advertisements. Because of promotions and generous friends, I've rarely paid the full $49.99 annually for my Flickr Pro account.
There are some real advantages of staying with the Pro status, even though Flickr has removed my "Pro" badge under my image. For example, I like the stats I get with my Flickr Pro account and it is very convenient to be able to replace photos with a better image while knowing the URL of the image won't change. This has a lot of value when promoting a poster across a network of websites or when I want to change one of my images that some chancer has put on an internet property without attribution or permission.