Here is what will happen:
1. Adobe will release their cloud thing.
2. Two days later, one of the many, MANY pirate groups will have disassembled all the online components and removed them. There will be a moderately annoying install process, but 99% of the functionality of the Cloud Thing will be intact.
3. Six weeks after that, another pirate group will have a one-click install that works painlessly and offers full functionality except for the online storage crap (or maybe they redirect it to Dropbox or something).
Which will leave you and many other pro-sumers in an interesting place: Do you trust what the pirates are doing enough to use it to produce content, guys whose existence is predicated on delivering working, malware free stolen software? Or would you rather be satisfied with the gentle ministrations of Adobe in paying out thousands of dollars while having zero control over what you can or can't do and a remarkable passion for being horrible to deal with even as a paying customer?
I know which one I'd pick, were I remotely interested in Adobe's software.