Wow, the design is very similar to Facebook's cover photo layout with the profile photo overlaying it part way, the buttons on the right, and the blue bar on the top. Hopefully this isn't the beginning of a Facebook/Instagram merge.
Instagram is focused on the production of photos from mobile devices so users are not currently able to upload from the web. We’re excited about how Web Profiles will make it easier to browse and share content on the web for all our users.
-- So there is nothing new here? Just seems like competition for existing instagram viewers that are web-enabled...
Poor guys :-(