So it seems this is a system where the server only does encrypted storage and minimal processing on plaintext that it is allowed to decrypt. I was hoping it was a FHE implementation where the server does computation on the encrypted data. Still waiting for that.

I don't understand the hype around FHE. FHE sounds like a fancy way to say my data is only partially encrypted and we can still gain all the insights we want without technically unencrypting it.

I don't want my encrypted payloads to betray me in any of the ways FHE wants it too.