Hi James/fltekdiver:
I think fltekdiver is refering to Photoshop Elements 5.0. I used Elements 4.0 to process my Nikon NEF RAW files, and it worked fairly well.
James: what processing are you doing with Lightroom? I have only been using it for a few weeks, so I am still learning about its capabilities. I primarily use the workflow, slide show, and web preparation functions. I use the Image/Adjustment commands in Photoshop quite a bit, and I don't find comparable commands in the Develop section of Lightroom. The histogram adjustment seems pretty slick. Any hints?
Fltekdiver: While you are transitioning to processing RAW files, I found it a bit comforting to shoot both RAW and jpg files initially. I had worked with jpg so I there was a bit of a comfort level. James is correct in that once you get rolling you will stick with RAW.
Dan