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Warp Transformations in Photoshop CS2

The new Transform > Warp command in Photoshop CS2.
Photoshop CS2 adds a new transformation type to the Edit > Transform menu called Warp. With the new Warp command you can transform layers into a variety of predefined shapes, or use the custom option to push and pull your image around according to an invisible grid. All this works right in the document window, so you don't need to learn a new dialog box like you do for the Liquefy command. The Warp options are similar to those found in the type tool arc, arch, bulge, shell, flag, fish, wave, rise, fisheye, inflate, squeeze, and twist.
Photoshop CS2 Information
Screen Shots of Photoshop CS2
New Features in Photoshop CS2