Create The Photoshop CS2 Splash Image
1. Create the feather paths
First create the paths of the feather with the Pen Tool.
2. Apply Gradient color
Select the top 2 paths, fill it with Radial Gradient, pick similar colors as shown. Then repeat this step for the rest of the paths.
3. Apply Multiply
Select all the feather paths, go to Transparency pallate, select Multiply.
Now you can duplicate the feather and lower the Opacity (Transparency).