Adobe announces Photoshop Express Beta: Web Version?

Adobe annouces a web version of Adobe Photoshop called Photoshop Express.  They have integrated a watered down version of Adobe Photoshop to be used within a web browser.  According to Technewsworld.com this service will be offered to the public for free. Apparently this service allows up to 2GB of user uploaded images for editing. Additionally, Adobe will offer an online gallery to share your uploaded and edited images with other users on the internet. I think this is a pretty cool idea considering how expensive the Photoshop software is. Maybe they will offer a more advanced online version of Photoshop for a subscription fee. I can see this taking off for artists, web developers, and marketing departments alike.