We have been using WSS Team Site to manage the editing of .PSD files
between a couple of people.

All of the sudden, when the file is accessed, Photoshop launches, but
the file does not display in the photoshop application. It is as if
the application is locked up.

We were able to go to the version history and access the last version.
I was able to save to the hard drive and open from there with no
problem. I was also able to open from the version history screen and
the file loads properly.

This is affecting 2 machines. We tested this on a 3rd machine and it
worked fine.

Could this have to do with the number of applications open on a
desktop or a leak in the memory of the machine?