In an Enterprise site-to-site VPN environment, I mostly agree with you. But in an Internet VPN provider scenario, I will disagree with you. Only the VPN provider will see the original source IP. Said provider will do a NAT translation as the packet leaves their environment to the open Internet. So the remote content server will only see the source IP of the VPN provider.Your source IP is in the stack of TCP/IP headers. Every time you are routed their info is appended to your packet. So yes the VPN provider is the top source but that is true every time you are routed. So where ever you are routed they are the top source. The VPN has nothing to do with that. It is basic routing. But on every packet is the original source IP.
I do believe the majority of us are all getting at the exact same point. Depending on who or what you are trying to hide or bypass from will determine the overall value to the person.
Lots of reasons to use a VPN service within the US.
1.) Bypassing local ISP filtering/throttling
2.) Bypassing local ISP monitoring/marketing
3.) Hostile local network (think Starbucks open public WiFi, or any other public WiFi)
- this is the work VPN scenario...I trust work way more than those listening in to the open WiFi
- I am the work VPN provider...so I do trust myself more than a random 3rd party
4.) Bypassing region restrictions on content filters
Poor reasons in the US
- thinking you are anonymous
- thinking it provides complete privacy
Some of these reasons are still valid outside of the US....although some of the priority of the reasons may shift as you move to less open countries.