Adobe The photo shop people has launched their latest Internet application, which is an online version of its image manipulation program, Photoshop, on thursday sounding the death knell for its competitors.

On setting up of the account, you’ll get your URL with the extension of photoshop.com. and will be able access the images from any computer on the net that has a browser and Flash Player 9.

The application provides for upload, tweak/enhance photos, and share them with others. You can also access your Facebook, Photobucket, and Picasa accounts directly. After editing your photo, the application allows either to share it with someone or to download it back to your computer.

Pretty cool isn't it ?

Read the report below.