While it is not dependent on the cloud, it does leverage it to do things such as copy and paste between apps / tablets, and storage of assets for the pen.
(Disclosure, I work for Adobe).
That's full blown derp. Computers managed to do inter app copy and paste for how many decades before anyone though it would be sensible to send local data over the internet to another app on the same device?
The NSA wins again.
I agree on the apps part, but you're missing the "between tablets" part of this particular situation.
When you have poor APIs to work with you have to start thinking out of the box.
Quite literally outside the box, in fact.
But then the box never gets fixed.
Mighty, meanwhile, he actually described as "cloud pen". Please stop. I need a great pen for a tablet. I don't need it dependent on your hosted services. It's driving me crazy how the cloud, an enabling technology, is being crammed down our throats as a feature in and of itself.