Just as Sony are preparing for the launch of their upcoming Cloud service, which shall link all Sony and Playstation products alike via network, they just announced that they will launch a new photo & video editing software for the PS3 this week, which is also Cloud compatible. PlayMemories Studio will allow PS3 user to view and manipulate their personal photos and videos which have been synced via Play Memories from their tablets, consoles, cameras, etc. The editing software isn't complex and relatively easy to use, allowing users to retouch their photos, edit sound on video clips, create stop-motion clips, and adding video effects. The software will retail at approximately $18 and will be available to all the regions by the end of the week.