It's not too great either. It locks you into paying...all the time,and gives you zero reassurance that monthly fees won't fluctuate....that is unless you sign some kind of a contract, like the phone companies, in which you will have no choice but to pay. Adobe ain't stupid, they're locking down a consistant revenew stream.
Adobe VP of CC even admits there's a trade off to this new way of doing business. For users who like to have the most up to date program with all the features it's great. But if you're a user who only uses a couple of the features in photoshop and is someone who doesn't need all the latest and greatest whizz bang updates, you're getting screwed. My words not his of course.
Also, I know they aren't moving Lightroom to the cloud yet but the fact they envision "added functionality" for CC users kind of pisses me off. So if I want the full LR experiance I'm going to have to pay a monthly tax of $19...yeah,..no, sorry Adobe aint going to happen.
Capture One is a better raw converter with respects to output and is almost as good as a complete DAM program. I'm sure Phase One will like my money. And if I need really heavy edits, for $15 bucks, pixelmator does nearly as much as PS, has a few tricks of its own, and a better UI. Bye bye Adobe.