This is a pretty accurate summary from my experience. The only thing I’d add is that (from what I’ve read at least) some form of ‘smart’ album functionality is high on the priority list and shouldn’t be too much further down the line. It may be a more advanced customizable logic type of solution (again from what I’ve read) but the functionality of putting person(s) ‘x’ into album(s) ‘y’ (or similar) should be achievable.