Adobe announced the immediate availability of Photoshop Elements 6 on Monday. Unfortunately for Mac users the new version is Windows-only, but a Mac version will be available in early 2008.
Photoshop Elements is a consumer-oriented digital image editing application without some of the features found in its pro-level cousin Photoshop CS3. The new version added more automation features, an updated Quick Selection tool, an updated interface, and more.
Photoshop Elements 4 is the most recent version of the image editing application for the Mac. Presumably the new Mac version will incorporate many of the same features found in version 6 for Windows, and will also run natively on Intel-based Macs.