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Via the fantastic Alex Grigg, I have discovered VIDEO GROUPS in Photoshop (new thing!).

Above was a quick test. 

BAFTAs here we come.

It still doesn't make photoshop an animation tool, but it make a massive leap forward in terms of timing and spacing... like Flash, you can see the holds.... no more hacking video layers, just 'stretch' a regular layer!

I am excited by this... no more vector linework!

Links / props:

http://www.alexgrigg.com/Photoshop-Animation-Techniques

https://twitter.com/PegBarandGrill (check out their podcasts)