Though the service's popularity has been waning since competitors sprang up (and Twitter itself jumped in the game), Twitpic remains a major host for images on Twitter. They're not going down without a fight, either, and the company has released its official Android app dedicated to sharing photos on Twitter. With a UI heavily inspired by the Twitter app itself (duh), it allows you to browse through photos hosted by Twitpic on your Twitter timeline, as well as edit and share your photos.
I hate the vast majority of rumors. About the only time I give a them any real consideration is when they're coming from a source that's highly reliable and they strike me as reasonable. It's for this reason I've stayed clear of the relative boatload of Galaxy S III rumors that we've been hearing for about a week now - first a potential render leaked (though we didn't like the looks of it).