Adobe is getting serious about making Photoshop a serious tool for editing video. The sample video above was made entirely using an upcoming version of the program. Regarding why this is being added into Photoshop rather than left to Premiere Pro, product manager Bryan O?Neil Hughes states,

Video is now being generated by photographers… everyone really; the 5D Mk. II really kicked it off on the DSLR, but since then we?ve seen just about every DSLR, point and shoot and PHONE generate video… most of it HD! We did several waves of research and regularly heard, ?I want Photoshop for video?; ?I need a workflow I understand? and for the people who had seen what we introduced in CS3 Extended ? ?make that easier to use.? Video is being generated by more people than ever before; it?s being shared more places than ever… and yet people are hitting a wall with what they can do with it! They know and love Photoshop… their stills are already passing through it, the fit is more natural than it sounds at first.

You’ll soon be able to do to video just about anything do with stills: filters, adjustments, etc…

(via Adobe via John Nack)