Whether you have the Peloton Bike, tread or row you'll still be able to use the "Just Workout" feature to use the equipment to workout
You'll still have access to two full sample Peloton classes to stream. They might update every few months with different content.
You'll lose access to your Power Zone metrics and the ability to see your Power Zone bar.
You'll also lose access from being able to log into the Entertainment portion and stream Netflix shows or Read Kindle books.