I was weary of using the cloud, as many people were/are, but after we updated at the office (graphic design firm) I find myself liking it more and more. We use about 6-7 of the adobe cloud applications and the frequency of the new updates (along with their function) are very nice for the most part. If you're a student then it's a pretty good deal, I believe its $200 for a year of the full creative cloud, and since they acquired Behance you also get their Prosite portfolio service included.
However for personal use it is a bit harder to take the hit of the cost unless you make a living using the software.