TechCrunch is running a story on another Flex based photo editing application - FotoFlexer. FotoFlexer allows you to create fun images from your photos, with distortion effects like stretching or shrinking area, and filters like stamps or cartoons.

FotoFlexer integrates with all the major online photo storage sites, including Flickr, Picasa, Facebook, MySpace and even Yahoo Search. You can also upload photos from your own machine if they aren't on the web (who does that anymore!) Once in the program, you can add any effect to the photo that you like. You can also make cartoons out of your images easily, as FotoFlexer allows you to add text and text bubbles easily.

This service would appear to be compete with applications like Photoshop Elements or Picnik, which I consider to be the leading online photo editing application. The space will certainly get interesting when Adobe launches the Photoshop Express tool.