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Sure, waves is expensive, but bragging about how you're using cracked software to a potential client is a pretty dumb idea, IMO. Economic darwinism?
I used to love waves, until they started charging way high prices for updates of the stuff you already paid top dollar for. I rooted them out of my life once and for all about a year ago, and don't miss them at all. Wave Arts, Sonalksis, izotope, and a few others pretty much replace them all together. I'm sure I'm not alone. This sounds like they are getting desperate.
I still prefer digging out hardware rather than use Waves plugins, but when I have to I follow the same path that beatfrog does . . . I use the alternates, which in my opinion end up being far more flexible in the mix than the Waves plugins.
I admit a strong preference for hardware myself -- then again I'm a geezer. I like some of the Waves plug-ins a lot, but have been increasingly drawn to plug-ins that are either quite good for the price point (e.g., Sonalksis and I like some of Nomad Factory's stuff) or more creatively driven (like the old GRM Tools suite)...
OT -I haven 't used outboard hardware in a mix in 6 years. I recently did a mix at the Palms studio (I Live in Vegas) and mixed thru the Neve console, with a bunch of great outboard stuff, Manleys and SSL, focusrie, etc. I think I would have preferred to do it in my garage, on Logic. I guess I'm so used to it, it was a little overwhelming. Interms of what was coming thru the TV speakers (it was for the NBA all star game), it certainly didn't sound any better.