TechCrunch received numerous screenshots and documents outlining a brand new iPhone app from Facebook focused solely on photo sharing. The program is allegedly code-named either “Hovertown” or “WithPeople” and could be released either as a standalone download for iOS devices or integrated into Facebook’s existing iPhone app. Author MG Siegler says the screenshots look “amazing”, adding:

Either way, based on the images in front of us, the best way to think about it appears to be Path meets Instagram meets Color meets (Path’s new side project) With — with a few cool twists.  And obviously, it’s built entirely on top of Facebook’s massive social graph.

With an astounding six billion photo uploads each month and a total of staggering hundred billion photos (or about 150 photos per user on average), a photo sharing app from Facebook would easily become a smash hit. Count us officially thrilled.