There are two versions of photon. One is the open source, the other is the closed VMWare version.
It is designed as a K8s management tool - the Vmware version requires 5 nodes, three of which run the management cluster.
It is designed very differently than ViC. There is no HA or DRS in PhotonOS, no vcenter integration either.
ViC is, imho, a half container strategy, as each container is a VM and has the Vmware feature set, where PhotonOS is a truer container strategy as it is designed to just manage the containers, while adding the decade and a half of esxi experience.
I'm excited to see what Vmware has to offer here, the potential for a single vendor solution is positive, but Vmware has never been a bargain, and their container pricing strategy may kill them in the long run.