I think I've decided to stick with ACR for raw developing. After Paul's post I can see the difference between ACR and Oly Master, in that the latter does recognise the camera settings. ACR, for obvious reasons, does fit more neatly between Bridge and CS3, and is a pretty powerful tool since you can also use it to modify jpeg images. As for Lightroom, I don't think I can justify the extra expense at the mo and I'm not clear what the extra Ł200 gets you in terms of enhancements over Bridge. At the minute I'm contemplating (struggling?) with file management. Do I convert all raw files to DNG? Should I then delete the raw files? Should any developed raw/dng files be save as DNG or Photoshop native? Should resulting JPEG's (for potential viewing by others) be compressed and/or watermarked? I'm sure these issues have been debated at length on the AP forums if someone could point me in the right direction