@Ken thanks for the quick reply. I was told adamently that we'd have this months ago, and was informed by a Sales rep that it's already rolling out. You actually said yourself on another thread it that it would be released June 17:
http://forums.adobe.com/message/5520287#5520287
This is really a bummer. Creative Cloud isn't cheap, and for a subscription many of us have higher expectations than this. The file storage is cool but for Teams and any sort of actual collaboration, the ability to share folders is so important. I think it would greatly benefit everyone to know a date when this functionality will be included.