The next major upgrade to Adobe's industry-leading graphics editing software, Photoshop, is set to ship in the fourth quarter of 2003. This year will see the release of Photoshop 8.0, code-named "Dark Matter," and ImageReady 8.0, code-named "Taconite." ImageReady will remain a standalone application.
Specific updates will include: NTSC/PAL/HD preview choices to compliment the existing CMYK Preview, a Histogram palette, nested layer sets, and text on a path. Photoshop 8 will also include "filter layers," allowing for non-destructive image editing and manipulations, similar to Adobe After Effects' adjustment layers.
News source: Extremetech.com