We have been talking and waiting for the real photoshop app for iPad to come to app store. It was announced around November last year and now it seems that the app is almost complete. The app was demoed at Photoshop world yesterday and yes the layers feature was part of it. Photographybay was able to catch the app in action :
(Flash video, might not work on iPad if you are not using those apps).
No dates were shared of app release, so now we wait some more in anticipation.