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Adobe Photoshop 7.0 software, the professional image-editing standard, helps you work more efficiently, explore new creative options, and produce the highest quality images for print, the Web, and anywhere else. Create exceptional imagery with easier access to file data; streamlined Web design; faster, professional-quality photo retouching; and more.

NOTE: This updater is for ENGLISH versions of PS 7.0 ONLY. Localized versions of
the Photoshop 7.0.1 update will be available in the near future. If you have a localized
language version of Adobe Photoshop 7.0, please check the Adobe Web site for availability.

What’s New:
Version 7.0.1 adds the following:

• Type layers are no longer rasterized unnecessarily.
• Photoshop now saves alpha transparency data in Targa files in the same way it did in
  previous versions.
• File Browser performance has been enhanced.
• If the color settings color management policy is set to “Off,” Photoshop no longer asks to
  save changes unless other edits have been performed.
• The total ink now defaults to 300% as it did in previous versions of Photoshop.
• The color of white areas in CMYK files saved as JPEG no longer shifts.
• TIFF files with LZW compression are now written correctly.
• Picture Package no longer locks up when using custom page layouts.
• Photoshop offers better compatibility with older model G4 computers
• Icons now resave as they did in previous versions of Photoshop.
• When installed on a hard drive whose name contains extended characters, Photoshop no
  longer reports that certain required files were not found in the Adobe Photoshop required
  folder.
• Metadata is better preserved in certain JPEG files.
• Photoshop now defaults to the last saved directory when saving new files. It no longer
  defaults to the TWAIN directory if one is present.
• Changing monitor configurations no longer causes problems while Photoshop or
  ImageReady are running.
• Photoshop no longer produces a program error when resampling certain large 16-bit
  documents.
• An issue that prevented Photoshop 6 from opening certain files containing layer effects and edited in Photoshop 7 has been fixed.
• The Maximize Backwards Compatibility for Photoshop Files preference now correctly sets the state of the Maximize Compatibility checkbox in the Photoshop Format Options dialog when
  you save a file as Photoshop (PSD) format.

Developer’s website: Adobe Systems, Inc.