Photoshop for the iPad has been in the works for about a year now, and as it nears its release, there have been reports that it will be missing key features. Nonetheless, sources say that Adobe is "genuinely all-in" on the app and that it will quickly work to fill out the program.
John Gruber of Daring Fireball cites multiple sources saying that Adobe is on an "aggressive schedule" with Photoshop for iPad, and although they may not release it with a full feature set, that will be coming in short time in iterative updates. A recent report from Bloomberg noted that the upcoming version was missing essentials, including filters, the Pen Tool, raw editing, and more. Of course, these (particularly support for raw files) are absolutely essential if Adobe hopes to position Photoshop for iPad as a legitimate tool for photographers, and it seems they do intend to do just that, with the engineering team for the project having grown quite a bit in the last year. I must admit that when I saw a beta version of the application at last year's iPad Pro event, I was mightily impressed, as a file with 157 layers at 12,000 by 12,000 pixels and over 3 GB sped along without a hitch. Adobe hasn't given a release date yet, but hopefully, we'll hear something at the MAX conference in early November.