Yes, it’s back – and now a newer version too. You may remember this story from about a month ago, however version 0.1 had to be withdrawn… 
Well, now there’s an even better version, which is more stable and has many features including point-and-click painting, effects, flipping, resizing and much more.
You can get more screenshots here at KinHercs’ site or download it (after logging in) from us here.
Many thanks to KingHerc for emailing me with this info.