Yes, NVIDIA needs to release a version of CUDA that works on Yosemite (and in particular the NVIDIA web driver). Surprising that it's taken this long, but one would expect it to be released soon.
Very surprising. There must be tons of Mac OS Adobe users that aren't getting use of CUDA after updating to Yosemite.
I've updated my personal Mac Pro so it's less of a bother. But this kind of thing is why I wouldn't update my work Mac Pro for quite sometime.