I can do ya one better than that,
Handle. I have access to Photoshop 5.0 and won't even bother with it. I've been using a lowly "SE" version of Ulead's Photo Impact for a few years. I use it strictly for tweaking photos and scans.
With Photo Impact, I can adjust the color balance within a couple mouse clicks. With Photoshop it becomes some kind of scientific experiment or something!
That's 90% of what Photoshop should be used for but it's become bloated beyond usability... quick usability anyway. So when I need to edit a picture, I'll crop, size and change formats with LView and adjust color and focus with Photo Impact. I don't
need Photoshop at all!
Now if you're talking about creating art, Painter rules. There is no way Photoshop can match it at this point. I'm sure they will add some of it's features in time, but for now Painter is unique. And speaking of adding features to the already bloated Photoshop, why does it suck so bad at text manipulation? The one time I wanted to make use of it, it failed me. I had to use Illustrator to do the job. I don't know how they justify the price. Must be some kind of snob appeal or something...