The geniuses over at Plasq have created another application, and while it hasn’t won any awards yet (it’s still in beta) but it’s certain to do so shortly. Skitch allows you to show the world something on your Mac effortlessly rather than try tell them about it in writing or sending massive and unmanageable screenshots. I’m 5 minutes into my experimentation with it and I already can tell this is one of the coolest applications I’ve played with in a while. It makes image capture and annotation a breeze, and does it all with a highly polished elegance.

Skitch allows you to capture screenshots, windows, webcam images, and all sorts of other media into its editing window. Once you have a base image it’s easy to annotate and edit the image with text, handwriting, or other shapes then one click saves it up to the Skitch site on the web for easy sharing. If you don’t want to go the upload route it’s easy to drag your creation into any other application on your Mac, or just save the finished file to disk.

Stay tuned for a much more in-depth review over the next couple of days so stay tuned and check back for more info on this delicious little software treat.

UPDATE:As amazing as the Skitch application is that’s not everything Plasq is throwing on the table with Skitch. Now that I’ve spent a few more minutes with it the service side of Skitch is starting to shine. The ability to save and upload one of your creations (skitches?) to the Skitch service with a single click is wonderfully simple and well implemented. Once the upload is complete you are taken to a webpage for that creation where you can share it with friends as simply as pasting a link into an IM, e-mail, or forum and you can instantly share what you just created. Check out the Skitch page for the photo above.

UPDATED UPDATE: Gear Live’s in-depth review of Skitch has posted - check it out!