Nice to see Invision still innovating and offering new features.
I don't mind that it's "cloud-only", as long as they still keep basic updates for self-hosted I'm happy with that.
I imagine (and I could be wrong) that this is increasingly aimed at more corporate/professional clients. The people who make money and spend money, which Invision needs.
In the end many of these are "bells and whistles" – nice to haves but won't transform (or save) your community; only content and mindshare will do that, not these, so let the cloud folk have them.