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Re:We Need A Standard Layered Image Format by sneak on Wednesday May 01, 2013 @01:40AM (#5636645)
Keep dreaming: PSD is not a single file format, but two decades of cruft upon cruft:

http://www.jwz.org/blog/2012/11/psd/

Re:We Need A Standard Layered Image Format by chaz on Wednesday May 01, 2013 @08:47AM (#5637552)
I found this article, linked in the comments, to be insightful: http://www.joelonsoftware.com/items/2008/02/19.html