So, they've already made Photoshop into a dumbed-down version of Illustrator, InDesign and Premiere Pro, but now they're targeting Corel Painter users as well? Truly the only piece of software able to surpass Vista's sheer bloat.
As for it being true or not, I'd bet on the former. The first part is already present not just in Corel Painter, as it's already been said, but even OpenCanvas 1.1, a freeware app from over 6 years ago! and the warp thing is already possible with vector images, that they can do it with raster ones is impressive but not scifi either.
Me, I'm a photographer not a photo manipulator so I'm waiting on news on Lightroom rather than Photoshop or the rest of their suite.
That paintbrush option could persuade me to get one of those boards, since I'm actually absolutely horrible at free-form with a mouse.
Edit: And by "those boards" i meant to say "One of those painter-computer-board things". I honestly have no idea what they're called.
It's called a tablet, like Tablet PCs without the attached PC 
though some people call them "Wacom" after the most popular brand of them, kinda how "Xerox" means "photocopier". I used to have (a very, very cheap) one when I was a kid, pretty fun stuff and they do work great with programs designed for it. I used to use OpenCanvas and ArtRage, which I'd recommend if you do buy one and can't wait for your copy of Photoshop CS5 to arrive at your doorstep 
