Yeah, the standard docs said it was "by user" but were not super explicit. I can see where someone would make the ephemeral argument that it is not a "named user" but is a "user in the moment." But it is very clearly "named users", the CALs are assigned to an account. And each account gets unlimited concurrent connections. So in some ways it is more limiting, but overall it is far more freeing as you can have ten users but thousands of concurrents at any given time.