An online-only version of Adobe Photoshop Express is slated to be released by the end of 2007 with an open beta. It is doing this to keep up and compete with other offerings by companies trying to get rid of software and instead use online-based applications. First announced at the beginning of the year, Adobe recently announced it would be officically releasing it.
Adobe will be collaborating with other online sites such as Photobucket and Shutterfly which is a similar move to what Yahoo Flickr is doing with PicNik.
Photoshop Elements is still very basic compared to any Photoshop offering so don't expect to get anything special when it does come out. It will however include all the common features like : rotation, colour adjustment, red eye removal, rotation, highlight, fill, and more great options, but it will also include cool features such as "huge", "sketch", "distort" and many others.