MS's PhotoShop?!
http://www.microsoft.com/products/expression/
Design within a flexible environment
A flexible hybrid graphics environment offers the best of vector-based and pixel-based design. Incorporate graphics from other applications, and export design elements to a variety of software tools and formats including support for the Windows® Presentation Foundation (formerly code named "Avalon") coming in Windows Vistatm.
Create sophisticated designs
A varied collection of highly-customizable vector and raster painting tools provide powerful creative options for drawing, painting, and editing both new and existing content.
Explore creative possibilities
Innovative styles and graphic properties such as textures, fringes, and dimensionality produce a variety of graphic visual effects. Add blurs, drop shadows, color correction, and other image effects and filters using nondestructive, editable Live Effects.