The $10/month for Photoshop CC *and* Lightroom 5 is back (still?) on. If my machine met the specs for CC I'd be right on this, I might just anyway since I'm sorta anticipating upgrading this machine sometime later this year.
Yes until the end of this month (March 31st). If you sign up for the Photographers Package you can get both LR5 and Photoshop CC for the $9.99 (+tax) a month. Requires a 1 year contract. Now if you opt in on this deal, when the one year is up. You can renew for the same set price, but if you ever cancel the price goes up.
Now I had some misconceptions around the whole "Cloud" mess. First I though a internet connection would be required. Well yes and no, it is required to activate the license. But if your on the yearly contract, you can stay disconnected for up to 90 days before the software will want to check in with Adobe to make sure your license is still valid.
The other misconception is that the software was on the net. When in fact it is all installed on your computer. Behance however, if anyone actually uses it, is an online portfolio software. But Lightroom, Photoshop and Bridge are all able and ran directly from ones computer.
Now one huge benefit is that the license is per user, not software. So have multiple computers, then you can have multiple installations and the login will follow you around. No matter where or what type of system. So essentially if you had saved a software to your online storage and a internet cafe has creative cloud installed, you can essentially login and start using that photoshop and access your 20GB of online storage. But doubt anyone would do that, but thats what they are going for.
Now pricing and upgrades. This is what persuaded me. You always get the latest updates forever as long as your subscribed. So whenever a new version of PS or LR is released, there is no more upgrade pricing, it updates and you keep on using. Being that PS normally cost $800 USD and Lightroom is about $150 USD and both have been one a 2 year release cycle. This is actually a lot of money savings IMHO.
Cheers,
Joe