Yahoo has just announced a huge redesign of Flickr and the site is now live for you to feast your eyes on. Yahoo SVP Adam Cahan announced at the event that the new Flickr will give users a massive 1 TB of free storage:
We want to be incredibly partner centric. Upload once, send to any device, any screen, any friend, any follower, on any service, and make it absolutely beautiful. A lot of sites have been talking about providing 15 GB of space. We thought what would happen if we offered you one terabyte for free. That's 70 times bigger than what anyone else is offering.
The site has bigger photos everywhere making it much more visually pleasing. Profiles now have header banners and feature your gallery in mosaic type fashion.