There is nothing final with the toolset yet. The release isn't until Fall. But at the NAB showing there were no desktop tools becasue they wanted to shift everything or as much as they can toward the timeline.
That being said, there are some processes that still need to be a new media creation process. Average may be one of them, although Average is a node in ConnectFX.
Audio Mixdown and interlace/deinterlace tools are another. I trust that giving the user some access to these basic tools will not escape the developers.
As far as desktop paint... who knows. It's biggest feature from the Paint node in CFX is AutoPaint and paint tracking. I know I do a lot with it. I hope they find someway to retain it, until a proper timeline solution can be achieved.
One major thing that might not be known is that you can add effects to source clips in your Bins/Source Areas. This is was not possible in 2012. So in the same manner you might have run a clip through CC and created new media, or through a FlameFX, you can now add to a source clip. I haven't wrapped by head around it's full usefulness, but it does work like processing through a module, except now it is non-destructive. So you can Average a source clip from the source clips Timeline.
Hard Commit still exists as well an can be used to commit the effect on the source clip.
Flame/Smoke Editor
Check out the Premiumbeat Smoke Blog
http://www.premiumbeat.com/blog/category/smoke-2/