Picasa Web Albums have increased the number of Albums you can have, from 1000 to 10,000. It is aiming at being a prime place where you can keep all your digital photos. The free storage space remains the same of 1GB per user account but you can upgrade it at an reasonable rate.
Evan Tsang and Tammy McLeod, Software Engineers at Google said “We want Picasa Web Albums to be a place you can share and store all your digital photos, regardless of how many you have. We recently made extra storage really affordable, but until now, Picasa Web accounts have been limited to a maximum of 1,000 albums. We heard that you needed more room, and because we want you to keep sharing your photos and posting them to Buzz, we’ve worked hard to now raise this limit to 10,000 albums.”
The default view would only show a 100 albums. You can option to view more albums or all albums.