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Photoshop Express will be completely online solution so registered users can use it from any type of computer, operating system and browser. Also, in it's current Beta stage it offers a staggering 2GB of disk space to store your photos online.
I did play around a bit with it last night and found it very cool. But I still love the Photoshop CS3 locally installed on my machine - coz I use it for many professional uses and use layers, text elements, custom drawings, etc which currently can't be done on the online version.
The other cool thing that I noticed on the online version of Photoshop Express was with the option to mail a photo to anyone(very intuitive). Also, it gives a direct url to access the image - I guess this feature will save a lot of bandwidth for those who host images on their servers.
But Adobe has entered the scene very late, there are already some big names in the internet who have a profitable business like the 9-year-old Shutterfly, also photo-editing service Picnik or image-sharing site Photobucket. I guess this attempt is for Adobe to showcase itself that it is very much in the online business like the big players Google and Microsoft who have a host of tools available online.
Here's what I did, click here to download the modified image as a wallpaper.
Original
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Modified on Photoshop Express