While building a new site I had to throw a logo together quickly on a machine with no graphics editor installed. I was very, very pleasantly surprised by Pixlr, an online image editor that strikes the perfect balance in features. It’s free, it has an adequate feature set, it doesn’t require registration, and, incredibly, it’s stable. None of the other similar products I’ve seen in this realm match that kind of package. I would pay for it, though in the web world I’m sure I’m part of a minority. Try, even if you’ve been disappointed by the others. It may just surprise you.