Adobe is launching Photoshop Touch SDK for iPad and has also added three companion products to the Apple App Store. The new "companion" apps are:

Adobe Color Lava for Photoshop- mix colors using your fingertips, create color swatches and themes that can be transferred into Photoshop or shared with friends directly from the app.

Adobe Eazel for Photoshop - control Photoshop tools on the iPad through a customizable toolbar as well as browse through open Photoshop files and create new ones

Adobe Nav for Photoshop - create realistic paintings with your fingertips, then either transfer via Wi-Fi back to Photoshop or share with your friends

Very cool! These apps range in price from the very affordable $1.99 to $4.99

More information from Mashable here:

http://mashable.com/2011/05/10/adobe-photoshop-ipad/