It has been announced that Adobe Systems plan to release an online version of Adobe Photoshop within six months. The hosted version will be ad-supported (free for use) but has limited features. Chizen hopes to generate revenue from the ad-supported version of Adobe Photoshop.
Prior to the release of the hosted version of Adobe Photoshop, Adobe Remix will be released in a few weeks. Adobe Remix is a web-based video editing tool which will be made available for free to Photobucket users. According to Webware, it is a stripped down version of Adobe Premiere Elements.
Adobe Systems was a little late in having a hosted version of Adobe Photoshop since there are already available online image editors such as: