Despite what seems like a glut of photo sharing services on the Web, there's still room for one more. Recently, we featured Yogile whose slant is to gather photos from multiple people from an event in one spot. PhotoCollect is a similar idea.
PhotoCollect offers the ability to invite your friends via Facebook or e-mail, while you the administrator of the shared album can set up different permissions for the album. You can tag people in photos and even share videos.
PhotoCollect is free with unlimited storage for up to 3 albums, while a premium account costs #35/year (thank you cheap cloud storage!).