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Graphics and image editors gives you the ability to create stunning effects and allows to enhance your digital images in several ways. Unfortunately, software's such as Photoshop can be rather expensive and in some cases, we do not even use all of it's functionality.

If all you wanted to do was to create something relatively simple and basic, it does not make sense to spend all that money. The list below includes some real powerful Graphics and Image editors, some of them close to being "clones" of Photoshop. Note that at the bottom of the list is an interesting software that is tailored specifically for children. Something worthwhile looking at with your kids, if you have them:)

Title	Description	License
DrawPlus4	DrawPlus is an amazing drawing and graphics software that enables you to create stunning vector graphics, family trees, room layouts and even web animations.You can create outstanding vector drawings, with high-impact graphics and eye-catching animations - with little or no experience required!	Open Source
Scribus	Scribus is an open-source program that brings award-winning professional page layout to Linux/UNIX, Mac OS X, OS/2 and Windows desktops with a combination of "press-ready" output and new approaches to page layout. Underneath the modern and user friendly interface, Scribus supports professional publishing features, such as CMYK color, separations, ICC color management and versatile PDF creation.	Open Source
ArtWeaver	Artweaver is a simple Freeware program for creative painting, i.e. Artweaver offers you all artistic effects which you need for your work. You can create sketches from photos and experiment with a wide range of brushes. The brush simulation is thereby so realistic as possible.	Freeware
Watermark Tool	Watermark Tool is the free online watermarking software that allows you to quickly and easily protect your images with a visible watermark. With the many watermarking options available, you're able to personalize your images in a variety of ways - including text size, color, and position.	Web Based
FastStone 3.7	An image browser, converter and editor that supports all major graphic formats including BMP, JPEG, JPEG 2000, GIF, PNG, PCX, TIFF, WMF, ICO and TGA. It has a nice array of features such as image viewing, management, comparison, red-eye removal, emailing, resizing, cropping, color adjustments, musical slideshow and much more.	Freeware
Gimp	GIMP is an acronym for GNU Image Manipulation Program. It is a freely distributed program for such tasks as photo retouching, image composition and image authoring. It has many capabilities. It can be used as a simple paint program, an expert quality photo retouching program, an online batch processing system, a mass production image renderer, an image format converter, etc. GIMP is expandable and extensible. It is designed to be augmented with plug-ins and extensions to do just about anything. The advanced scripting interface allows everything from the simplest task to the most complex image manipulation procedures to be easily scripted.	Open Source
SplashUp	Splashup, formerly Fauxto, is a powerful editing tool and photo manager. With the features professionals use and novices want, it's easy to use, works in real-time and allows you to edit many images at once. Splashup runs in all browsers, integrates seamlessly with top photo-sharing sites, and even has its own file format so you can save your work in progress.	Web Based
IrfanView	Perhaps the ultimate image viewer (with some editing tools thrown in), the latest IrfanView (version 4.23) received a nice cosmetic update. It also supports instant video and audio playback.	Freeware
Paint.Net	Paint.NET is free image and photo editing software for computers that run Windows. It features an intuitive and innovative user interface with support for layers, unlimited undo, special effects, and a wide variety of useful and powerful tools. An active and growing online community provides friendly help, tutorials, and plugins.	Freeware
Picnik	Picnik makes your photos fabulous with easy to use yet powerful editing tools. Tweak to your heart's content, then get creative with oodles of effects, fonts, shapes, and frames. No registration required and available in multi-language	Web Based
SUMO Paint	Not every Web-based image editor can claim to be high-end, but SUMO can by carefully mimicking the look and feel of Photoshop, maybe a little too well. Try it before this free Flash app gets sued out of existence by Adobe.	Web Based
CinePaint	A professional open-source raster graphics editor. A splinter of GNU Image Manipulation Program (GIMP), making it very powerful, easy to use and learn.	Open Source
SmoothDraw	SmoothDraw is an easy natural painting and digital free-hand drawing software that can produce high quality pictures. Support many kinds of brushes (pen, pencil, dry media, airbrush, bristle brush, image hose, etc.), retouch tools, layers, image adjustment, and many effects... Works great with tablets and Tablet PC.	Freeware
TuxPaint	Tux Paint is a free, award-winning drawing program for children ages 3 to 12 (for example, preschool and K-6). It combines an easy-to-use interface, fun sound effects, and an encouraging cartoon mascot who guides children as they use the program. Kids are presented with a blank canvas and a variety of drawing tools to help them be creative	Open Source

Have I missed something here? Do you know of any other free graphics and image editors, that should have been included in this list?