Why is everyone blaming Morrissey when it's blatantly obvious this is Penguin's doing? THEY pay him an advance and then THEY can do what they like to recoup it, nothing wrong with that, that's how publishing (and indeed the record industry) works. Oh yes - because this is So_Low, where the default setting is "Blame Morrissey". He's a singer and lyricist, not some Blofeld-like master strategist, whereas record companies and publishing houses are full of highly paid executives who are expert in commercially exploiting their "properties". Moz won't be receiving any more money for this edition - he'll have had his cash upfront and now it's up to the publishers to recoup their outlay however THEY see fit. People were moaning before because the book he'd been talking about for ages didn't seem even close to being published, but now it has been published, there's yet more moaning because two different editions are being issued! Plus ca change.
A book issued in both hardcover AND softcover? Wow, what an unusual, cynical, exploitative innovation. It was always going to be a softcover first becaue that's how Penguin Classics are published.