Yep, according to his blog he removed them now.
To quote (via tizzyt-archive.blogspot.co.uk/2012/03/playstation-color-logo-creator-v25.html): "Future versions of PCLCv2.5+
I will NOT be including Photoshop as a bundled option for editing and making the coldboots. A user has displayed great worry and so I respect his thoughts and will look into using other ways and programs to make coldboots easier.
Reason: Photoshop used in the bundled version is a modded portable version I found online. While I have made the entire coldboot creator with functionality in mind I did in fact forget about the other issues. I will advise that anyone using my program should either completely remove it from their systems or use it without the included Photoshop.
I apologize for the inconvenience."