PSD is not a good format. PSD is not even a bad format.
code.google.com
code.google.com
I guess this is similar to Facebook / g+ / etc refusing to have easily imported / exported data - if you can export your data to a useful format, you can move it to a rival product.
Similarly, I CBA to switch from Spotify, because I've got all of my playlists saved in it. If I moved to google play or one of the other up and coming music services, I'd have to rebuild these manually. There are some scraping tools to get this data out but they tend to be painful - "Just right click on each song and click 'copy HTML link'" etc ...
It went from "Oh, this standard is pretty simple. I'm actually impressed that Microsoft made a reasaonble standard, that's pretty cool" to "OMFG what have you done to my youthful innocence?" -- importing tables was one of those exercises where you put your pride on the shelf and just write the code in front of you.
"Okay, Microsoft. You want me to launch COM now, don't you? Fine. I'm down here in the muck, wallowing hip-deep in the filth, so what's one more flush of someone's toilet of an abstraction to me? I am invincible. Some day I will rise from this hole, ship the steaming mass I had to wrap around your already stinking soul, and know RTF no more."
And I haven't.