Earlier quoted context omitted.
Sure, different devices can be used they share the same key as stated in the document. But it’s still not clear how that key is derived. It’s not clear, as implemented that Apple do not hold a master key to decrypt all data (as they do currently). In fact, if the key is randomly generated, if you have one device (as many users do) and you lose that device. Do you lose all your data? Even if you have your iCloud passw…
Most likely you can’t browse your photos online anymore, unless they add some kind of method to export keys from the device(s). I speculate that it is possible to lose all of your data if you lose all of your devices. There might be option to create local backup from device keys, so it would not be the dead end.
I don’t think Apple are stupid, it would have been a clear PR win if they said “we’re adding E2EE”.
Given no explicit statement, and how drastically it changes the nature of their service, I don’t think your speculation is justified.