The Photoshop engineering team is investigating this behavior. To learn more about Rosetta, see About Rosetta If you are a developer and would like to update your plugin to work with Photoshop in native mode, see UXP for Adobe Photoshop. Note: You will not see the 'Open in Rosetta' option if you are right-clicking on an ' alias'. Once you launch under Rosetta, you may need to go to Window / Extensions (legacy) to open your CEP panels again.
To use extensions that rely on CEP, install and run them in Rosetta mode only.
Run Intel-based plugins with Photoshop on Rosetta to install and use those plugins until your plugin provider delivers Apple silicon-compatible versions.
Intel-based plugins will not appear in Photoshop.