Lightroom will have extensive editing capabilities, especially once they embed the technology acquired from their Pixmantec acquisition. I will continue to use RawShooter Premium until LR is ready to go with release 1.0 - my RSP license gets me a free version and I look forward to including cataloging with strong RAW processing and photo-specific editing capabilities. I love CS2 but I know that I probably only use 20% of what it can do. If they extract that 20% and add good RAW processing and cataloging, it will be just what a photographer really needs.

I played with the initial beta but it was a bit immature. Maybe I'll check in again and see how it's moving along.