Thanks for the info, Vic! Good to know, even though it's not what I wanted to hear.
Jenny, I'm with you. That is ridiculous, why would such restrictions be applied to the disk version? I will also wait and see if GOG picks it up.
I may also order it from The Adventure Company if I'm feeling impatient and if the price comes down. At least with TAC, you can ask for more activations if you need them. Annoying but not as bad as not being able to play the game at all if all activations have been used.
So disappointing, as this was one of the games I was most looking forward to this year.