But it seems unclear ( to me at least) how the promise of upgrades continuously and not "held up by the production cycle" ( and yet not more bug- prone than even post Rc and beta tested upgrades) will really add value ( accepting we already have received value upgrade and have paid for perpetual use of that already to date) for a photography centric user when the issue really is adobe being unlikely to make money on new improved feature sets per se. ( Because there arent going to be them at least at this stage).
I guess you didn't understand what Thomas said...knowing Thomas and a large number of Photoshop engineers over the years, I can tell you that having a product development cycle set in stone by "The Creative Suite" was NOT conducive to product development and new features...in the past (since Photoshop CS) the dev cycle was dictated by the Suite, not Photoshop. All of the suit applications had to ship at the same time. That was a real development nightmare...and lead to a lot of halfassed buggy features being added and a lot of interesting features being dropped because there was no time to develop them in time to ship on the appointed date...
Now, that has all changed...the development of Photoshop (and Camera Raw) features are no long being dictated by the Creative Suite...when an upgrade is shipped for PS or ACR has nothing to do with Illustrator or InDesign nor any f the other apps. The new features will ship when they are done by the engineers.
This puts the power of Photoshop development back in Photoshop's hands...which is a very good thing.
Yes, the next update of Photoshop CC (presumable v14.1) will have new features...due to NDA restraints, I can't tell you what or when...but the features will be interesting and useful. Over time, as Photoshop CC and ACR progress, new features will get added when the engineers get them done. If nothing else, you should listen to Thomas and hear what he's saying between the lines–in the past, the dev cycle held back features due to an artificial imposed ship date. Now, that's all changed. When Thomas gets a new feature done in ACR, it'll ship in the next version of ACR without having to wait for a major version upgrade.
In essence, it's taking the development schedule out of the hands of the product managers and putting control in the hands of the engineers. Knowing the engineers, I know they are really looking forward to this :~)