Adobe has released “Photoshop Touch for phone” ($5) as a standalone app for the iPhone and iPod touch. Overlapping with its previous Photoshop Touch app for iPads, it includes core Photoshop features such as combining images, applying professional effects, and sharing results on Facebook and Twitter, here capped at 12-Megapixel image sizes. The user interface has been modified to make better use of Apple’s smaller screens. Prior…