Web-based apps really seem to have taken a turn for the better recently and Adobe's newly launched (in beta initially) Photoshop Express is certainly no exception. Having been struggling with the consumer grade Photoshop Elements for the last couple of years, the speed with which edits and previews appear in a web-based app like this is a revelation. The fact that it is built in Flash makes it look far more appealing too - nice transitions between menus and edits. The service even integrates with Facebook, Photobucket and Picasa, meaning it's sure to gain legs once those tech-savvy social networking youngsters get a hold of it.
The inevitable question of course is how exactly they're planning to make money with it? Rumours of a premium service have been floating around but perhaps ad-supported is the way to go. We like, a lot.