While there have not been big changes in features, the improvements in the existing ones are significant. The increased performance in some tools such as liquify is evident and with the latest version, at least in my experience, Photomerge works very well. In ACR the brush for the radial and gradient filters is also a welcome addition.
In my opinion, PS + LR + 20GB cloud storage + web site for less than the price of two coffees a month is a bargain.
In relation to the cloud, I'm a firm believer it will become the norm. We are still at the early stages, so it is understandable that many people have reservations about it, but it is progressing at a fast pace. Just to mention a few things already available in the corporate world (still too expensive for personal use) are connections up to 10 Gbps and failover solutions between different cloud implementations, (e.g. having your cloud infrastructure in Amazon AWS and Microsoft Azure, in case one fails the other takes over)