I think until apple give more detail on what this product will entail. Or indeed what Adobe will be providing the jury is out.I'm in no way a Camera Pro, but I do a lot of editing with my iPad Air and with LR Mobile I find that doing basic rejection/edits to RAW(via a proxy file and syncing to my Mac Pro) works well as a workflow. I'd like to be bale to do the additional basic edits I do, in LR or via something like Pixelmator or Snapseed without lowering the resolution(Pixelmator now supports this but I cant export from LR mobile without lowering res) If the Pro can do this I will seriously consider it.
bentheoandrews: Whoaaaa, everyone calm down. Just to clarify, I've got this app on my iPad 2. I can load and work with jpegs from my Sony NEX 5N with no trouble (larger than 1600x1600) - layered up and edited 4 images in a project of a snowboarder jumping and worked fine with no lag. I think the pixel limit is output size.
Yes there is a limit on output size I believe, it is the same as the one on snapseed, which is what I use on my iPad1