This time, it seems Microsoft is taking on Adobe - the professional media giant, with new beta versions of Microsft Acrylic (codename) for image editing /designing software, and another one named Metro equivalent of Adobe PDF document format.
Though, I wanted to touch and feel Acrylic, it gave me an error saying I need Windows XP for installing it. When I went through the discussion forum (I found some very good works), it seems Acrylic is in very nascent stage and it is premature to compare with full suite of Photoshop or Illustrator.
As far as, the new file format plus documenting, Metro we may have to wait till the next release of office suite Office 21 or Longhorn.
Wait, wait and Watch, watch!