I guess it's better to be late than to never have shown up to the Picnik at all :)
I just wanted to give you a heads up about an awesome alternative built by ex-Picnikers! It's called PicMonkey! Yep, who doesn't love monkeys? :) We are taking what we learned by creating your old fave and building an even better, faster, stronger photo editor. Check out www.PicMonkey.com when you have a chance!
Also, feel free to send me your feedback, feature requests, and, of course, any questions you have!