According to the Apple news website 9to5Mac, (read the full story HERE) this page appeared on the Adobe website and was then promptly pulled. It shows a subscription based Lightroom for mobile for $99 a year. Details are sketchy since the product is obviously not available to the general public yet.
From what I have put together, this service will allow users to sync a mobile version of lightroom with a catalog stored on a computer or online. I have a lot of questions how this is actually going work and especially how fast it will be able to sync with the catalog and how many catalogs it will be able to work with.
Time will tell.