Pocket Artist 3.3
the author of this app says:
Pocket Artist 3.3 delivers the powerful features you'd expect from desktop image editing software in an easy-to-use artistic solution for Windows Mobile Pocket PC devices.
With Pocket Artist, you can edit and retouch photos and images, add text and special effects, create web graphics, and much more!
Create, open, edit, and save your PSD, JPG, PNG, GIF, or BMP images on-the-go!
Windows Mobile 6 Professional, Windows Mobile 5.0, Pocket PC 2003 and Pocket PC 2002 devices.