As you know, Adobe Creative Suite 5 was recently released and the new version of Photoshop has a few quite interesting features.
This is a very brief example of what can easily be achieved with the new 3D features in Photoshop CS5. I took a photo of my cat, added a bunch of adjustment layers and finally turned it into a ring using the 3D tools.
I am not a designer, which proves that all this is very easy to do, and of course a lot of fun to play around with. If you want to have a closer look at what CS5 has to offer, I suggest you check out the great Photoshop User TV podcast by The Photoshop Guys.