Not photoshopped. It is the mom and her 3yo (same as the article).
"The subjects on this weeks TIME cover arent models in pose. Jamie Lynne Grumet, photographed by Martin Schoeller with her 3-year-old son, is a mother from Los Angeles who subscribes to attachment parenting, the subject of staff writer Kate Pickerts cover story.
Read more:
http://lightbox.time.com/2012/05/10/parenting/#ixzz1uZyf8gmO