Wow, this is the first article on iPhoto 5 with real meat on it. Nice job, Derrick.
Do you have a recommended workflow for folks like me with iPhoto and Photoshop Elements 3? I love the new Raw converter that Elements has, but it doesn't allow you to save your raw settings in sidecar .xmp files. So if you back up your Raw files, you can't back up your Raw settings with 'em. (You also can't save the preview cache images that the image browser generates in Elements 3 the way you can with the full CS.) I don't want to spend a lot of time tweaking my Raw images, only to have those changes lost when I back up my Raw files to DVD.
I was hoping iPhoto 5 would be the answer, but the color temperature example you had showed that iPhoto 5's Raw editing can't touch Photoshop Elements' raw handling. That's too bad. (Also, iPhoto 5 doesn't support my brand new Pentax *ist DS, a great camera.)
So it seems like iPhoto 5 and Elements 3 users who shoot with Raw are stuck between a rock and a hard place. Neither app is capable of both tweaking Raw files really well *and* saving those settings when you back up.
I'm just not going to spend $600 for Photoshop CS just to back up my Raw images. Not sure what I'll do. Hopefully iPhoto 5 will (a) get Pentax *ist DS support, and (b) handling white balance better than your example shows.
Then it would be my (and a lot of other folks') software of choice!
In the meantime, any workflow suggestions for those of us who don't want to shell out $600 for PS CS? Thanks.