I can't imagine that it will be as powerful as the full version of Photoshop, but I can definitely see something like Photoshop Express being an equivalent to the widely distrubuted Photoshop LE. Chalk up another app to the WebOS craze...

"And from the screenshot here you can tell it's not even a dumbed down Photoshop, but an entirely new product (that reminds us of something from the new iLIfe)."