Photoshop for the iPad can currently be described as a very basic image editor that lets you add some effects, change colors and do some basic manipulation.
It will soon change though as a new version of Photoshop for iPad has been revealed. The new version of photoshop allows you even more interaction with images on the iPad and includes the ability to work with layers.
No release date has been announced yet for the app. The cost is also not known although we could see the same as the current Photoshop app in that it could just land as a free update.
To see a video of the layers in action, along with a rather good looking video to represent layers, check out PhotographyBay.