While it’s still a teaser at the moment, John Nack (Senior Product Manager for Photoshop) has confirmed the development of Photoshop Express. It’s a free online photo editor that’s not meant to replace Adobe’s current offerings, but "make Adobe imaging technology immediately accessible way to large numbers of people." And from the screenshot here you can tell it’s not even a dumbed down Photoshop, but an entirely new product. Which is good news to me becuase I love free stuff.