P: Ability to import raw files on mobile

Great job guys. The way forward.

I feel you but I understand it is not that simple. Opening a camera RAW would require ACR engine.

The solution I have right now is to edit my RAW file in Lightroom which is basically like PS ACR exported to a stand alone software, then after editing in Lightroom go to Share icon > Open In > Copy to Photoshop

It seems they're separating out functions—Photoshop on the iPad does simple compositing (many layers, but still only simple functions to build them). Lightroom in the Cloud is apparently meant to be the stopgap for photo editing until they can build out those features. Fresco is for painting and drawing—until they can give us our brushes and other presets.

It's not the "full" Photoshop, but the "real" Photoshop. Here's hoping that having built the foundations for the "real" Photoshop, we see the bulk of the missing features arrive quickly over the course of this next year.