Adobe have released yet another new technology( excuse me but it looks a lot like Audition, Sorry I mean Cool Edit Pro , Whoops don't you mean Sound Edit 16  on Adobe Labs. So yes you've guessed its a sound editing tool at heart, Adobe Soundbooth is a rebranding exercise for yet another on of their products.

View the Introducing Adobe Soundbooth getting started guide for more information and download Soundbooth.