Adobe just bought Aviary, a suite of mobile editing tools used by several other companies (Flickr!), as well as in a standalone Aviary app. Given Adobe's recent push on mobile editing, the move makes a lot of sense.
When development started in 1960, many people thought Project Xanadu would change the world. Then one delay led to another and another and another. But after 54 years in development the world's most delayed software went live.