Photoshop.com Mobile 1.1 for Android is out! I just installed it on my Nexus One and it looks impressive. Some of the new features: contrast and brightness tools, effects (vibrant, pop, vignette blur, warm vintage, white glow, soft black & white).
This part will probably excite the developer in you (a little bit at least :D): Photoshop.com Mobile editor is made available to any developer who wants to embed it in its own application. Maybe you’ve create a new front-end for an online image service and the only thing missing was a way to edit the picture before uploading. Now, you have this missing link!