This image is not photoshopped. This is a rare albino dolphin found in a salt water lake just north of the Gulf of Mexico. Captain Erik Rue who first saw the pink dolphin says it seems quite healthy:

"Surprisingly, it does not appear to be drastically affected by the environment or sunlight as might be expected considering its condition, although it tends to remain below the surface a little more than the others in the pod."

Link Via Weird Stuff News (Photo: Caters News)