iCloud Photo Library is the New iPhoto for iCloud

One of my favorite announcements during the WWDC '14 keynote was the new service that lets you store the full photo library in the cloud and access it from anywhere. It is called iCloud Photo Library, and, on paper, it looks like it is going to be my favorite service to store my photo library and sync it between all of my devices.

One of main advantages of iCloud Photo Library is ability to access more photos on your iOS device than it can physically store locally. When you active iCloud Photo Library, it will automatically upload all photos and videos to the cloud keeping the full resolution and original format. After that, it will save the optimised lightweight versions of your photos locally on your device. 

Just like on current iOS 7 devices, photos and videos are organised into Moments, Collections and Years.  It will let you search your library by keywords, date and time, location or album. You will be able to edit photos, create albums, mark your favorites and organize photos the way you like, and all changes will be automatically synced and available on all of your devices, including the web. 

This fall Apple is going to release the iOS 8 and update its iCloud.com site to support iCloud Photo Library. Early next year, Apple will release the native Photos app for Mac.

The possible deal breaker here is a price. Apple provides 5GB of iCloud storage for  free (which is not enough even for light users) and other storage plans start at $0.99 per month for 20GB. Personally, I believe that it is a reasonable price for a product of this quality, but considering that there are cheaper services like Google Plus Photos or Flickr, many users will opt against using Apple's new photo storing service.

What do you think about iCloud Photo Library? Do you think it is too expensive? Will you use it for storing your photo library? Feel free to share your opinion with us.