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I don't see this hurting adobe or photoshop too much for several reasons
1, many users of photoshop use macs(no date for a mac release of this "photoshop rival")
2. Most professionals that use photoshop spent years learning photoshop, and are not willing to drop those years of practice to learn a new interface.
that's all I got right now, but those two, especially the last is quite significant. There is a reason(besides poor marketing) that the GIMP(Gnu Image Manipulation Program) hasn't replaced photoshop(and from what I hear, its a pretty powerful program, but I'm a photoshop user). Microsoft may catch the consumer market with this program, or maybe a few newbies, but the seasoned pro's will probably stick with photoshop.
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