MacNN noted a MacNytt.com (swedish) post indicating that Adobe Photoshop 7 for OS X would be released on Monday.
As proof, here is a PS7 PDF on MacNytt.com's site which has a disclaimer that the information should not have been released until Sunday, Feb 24th.
Some advances are specifically designed for the consumer-level user, an area that Photoshop has perhaps in the past lost out to Jasc Software Inc.'s Paint Shop Pro. There's also essential support for Windows XP and Mac OS X.
Estimated price $645 US.