Former Yahoo Engineer Working on Flickr Killer
Jaisen Mathai, who formerly worked at Yahoo, has decided to do something about it. He's working on a new site called Open Photo that would take photos that you have scattered across the net and unify them on one site. Even better, it would store your photos on your own personal cloud storage account, meaning that even if the service shuts down you'll have your tags, photos and comments.
Check out the KickStarter page for more information and a great video detailing just what Open Photo will do. Those that donate $500 or more will even be able to pitch ideas about what else the project should do.
