Adobe Photoshop Express: Yet another web based image editing application?

In my mind, Adobe products are always expensive, even more expensive than Microsoft products, and suddenly here is a free version of Adobe Photoshop called Adobe Photoshop Express.....

Due to the pressures from highly popular web based image editing applications like Picnik and many others, Adobe released Photoshop Express for free and trying to mess up the market share a bit, but will Adobe success? Or is it just yet another web based image editing application?

There are getting more and more players in this market, a quick scan through my del.icio.us bookmarks, I find dozens of online image editing apps...since I always don't tag my bookmarks properly, there could be some I have missed:

List of Online Image Editing Applications

• Adobe Photoshop Express
• Aviary - More than image editing, include video editing and music writing, etc. It is still in closed beta
  
• FotoFlexer - it is recently revamped with new look and feel (just announced a few days ago). I think FotoFlexer is the biggest competitor to Picnik
• FlauntR - This one is VERY rich in functionality, making me feel like it is a desktop app
  
• Graphita -It comes with tons of objects. Simply drag and drop the objects to decorate your photos
• Lunapic
  
• Mixbook - not really an image editing app. It has a set of rich layout templates to let you arrange your photos in beautifu photo book
• Mypictr - image clipping service
  
• Onlinephototool.com - most uncreative name. It is Java based
• Phixr
  
• Picnik - probably the most popular web based image editing app but I don't have any material to prove it
• Pic resize
  
• Pikifx - tons of built in photo effects
• Pikipimp - Amother app with tons of built in objects. Simply drag and drop them. But I like Graphita more
  
• Pixer
• Pixenate
  
• Rsizr - it has seam carving capability (I will talk more about seam carving in future posts)
  
• Scrapblog - not really an image editing app. It allows you to combine videos, photos, audio and text into one thing, i.e. it is some sort of multimedia blogging service, I have seen many creative multimedia scraps there
• Snipshot - AJAX based
  
• Splashup - The screenshots look fairly similar to Adobe Photoshop
• Wiredness
• XMG Image - Photo editing + Image hosting

22 items in my list..

UPDATE: I missed another one: PicBite - Allow you to annotate images with speech bubbles