You know...before comparing that in previous editions you got free magic for Initiating, and, personally, I agree with
the Free Powerpoint instead of Metamagic for Adept Initiates, compare what you got for that point of magic in previous
editions:
Previous Editions: Maximum force you could learn to cast(you still had to spend karma to learn new spell),
maximum spirit you could summon, new maximum to your spell casting skills(that you still had to spend
Karma to increase)
Current edition: Maximum force spell you can cast(and you can do that with ALL your spells, free), an additional
die for spellcasting,summoning, Assensing, Astral Combat, banishing, and binding tests(previous editions, remember,
you had to buy new levels of the skills to get an extra dice). When you have all those skills at 6(or 7 with Aptitude), and
specialized, that increase in Magic is the ONLY way to get more dice. You also get your maximum Force spirit upped.
However, for a Wizard, for the 75 Karma+Initiation Costs to get 8 Magic? You are getting stuff that in previous editions you
would have had to spend a comparable(with the Karma premium change that occured in the edition change) amount of
Karma, raising Sorcery to 8(15), Summoning to 8(15), plus all your spells to 8(say you knew 5 spells..IIRC, it was Spell Force/2
in Karma, plus the nuyen for the formula, so...20 Karma for 8, and 20 Karma for 7, after rounding up)..