Several websites have published Q&A sections to clear all the "misunderstandings" about moving Photoshop CC to a cloud based subscription - see some of the posts by Adobe, Engadget, Dpreview and Scott Kelby. No matter what others are saying, Adobe is taking away an option that you previously had: buy a stand alone version or sign up for monthly subscription. This option will no longer be available after the company stops updating ACR. Even if I decide to never update to a new version of Photoshop, I still have the ability to edit all digital images I took in the past decade. Once you move to a monthly subscription and you stop paying few years down the line, you no longer have a way to use the tool. I personally will be sticking with CS6 for as long as I can and see how this whole thing will play out in the next 2-3 years.
If you believe in online petitions (I don't), change.org is currently collecting signatures to eliminate the mandatory "creative cloud" subscription model.
Adobe is also considering creating a photographer’s bundle with only Photoshop CC and Lightroom:
Q: What if I use Photoshop and Lightroom?
A: Currently, your best option is the Creative Cloud single-app membership for Photoshop CC and you can purchase Lightroom separately as a perpetual software license. We’ve heard there’s a lot of interest in a photographer’s bundle or photography cloud solution and we’re actively exploring offerings we can potentially create for you. We welcome your feedback around what you would like to see that fits your workflow needs.
Adobe also announced a new Connected Pen and "Digital Ruler":
