Simplebucket is a site taking a shot at the image hosting throne. After playing around with the system for a few minutes I can say that i honestly think is stands a very good chance of making some waves within the space.

Along with having all the generic features that we’ve come to expect from image hosts it has a few real “killer” features that are worth checking out. One of the main benefits with this service is the ability to “tag” your pictures facebook / flickr style. While this itself is nothing new, SimpleBucket allows you to embed this tagged picture in blogs and websites.

This will be an incredibility useful feature for any blogger who posts images on a regular basis. I exchanged a few emails with the Khang, the owner today and he told me that soon you will also be able to record voice clips and include them in your embedded image (using the snapvine API).

To date Khang has only spent $180 on this for the domain name and web hosting. However developing and designing the entire thing yourself can help you save a lot of startup capital. 😉

This is definitely one to keep an eye on.