Parse is one of the best abstractions for modern programming I have seen in a while. It's a kind of abstraction that goes beyond a single programming language. Very innovative. I have an app in the gallery (also here: http://itunes.apple.com/us/app/movie-groovy-free/id527097117...) that I had absolute fun developing with the beautiful Parse framework.
I really appreciate what the Parse guys are doing. They have made development run much smoother by providing a full-fledged platform for developers. There are really no limitations, and they are constantly upgrading.