As an artist I resent some people's assumption that original art from my abilities and imagination, which I have sacrificed a lot to develop, should somehow default to public property. If we require artists to participate in a money economy their art belongs to them. Copying images and not following the copyright owners permissions to the letter is stealing, outright. And deep pockets like Disney has taught individuals that the hard way.
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This is TERRIBLE! Besides being able to edit vector images like Will mentioned (which is important for those of us who don't have graphic artists available to create custom images or the budget or time to buy that service ad hoc), you could also search for style "families" (different graphics that were all in the same style). There was a huge range of files and styles in the collection and it was much faster to find what you need than to do a Bing search. Plus, you knew that everything there was free and free to use, without having to worry about CC license issues.