I must say I am very disappointed with the new direction of Adobe's Photoshop logo design.

I understand the strategy behind the new change, but the design is very weak. Photoshop Expressions interface design is also very weak. How can we expect this, coming from the leader in design software?

It resembles a lot Microsoft's Silverlight logo.

After a very disputed change of their applications icons in CS3 package, now introducing a cheap logo for Photoshop and also a slogan, its a bit to far I think.

Adopting a weak image like this will bring Photoshop down a lot in the eyes of the community. People need a trustworthy application and Adobe Photoshop Elements for amateurs.

Will wait and see the progress of this, but when I first saw it, I thought it was a joke. I still do.

Update:
People killing the new design on Brand New and John's blog, the Senior Product Manager for Adobe Photoshop who started all this.

Second update:
Tolleson Design was the agency responsible for the launch of CS3 new identity and, as I've recently learned, also for this new Photoshop logo, targeting with it more markets and opening new opportunities for Adobe.