The website Google Blogoscoped are reporting that the search giant may be about to challenge Flickr, the hugely successful photo-sharing site, by introducing a web album service to its Picasa software. Picasa is currently a desktop-based photo editing software application, but the screenshot on Blogoscoped hints that Google may be trying to grab a slice of the Web 2.0 pie, although the “Picasa Web Albums” link has magically disappeared…

Website: Google Blogoscoped - Google Picasa Web Albums Coming?

Thanks to Sanj for the link.