For me, the process usually goes:
In Camera RAW:
1. Adjust the white balance (if necessary)
2. Adjust the exposure (if necessary)
3. Adjust fill (if necessary)
4. Crop/Level
Sometimes I'll correct things like CA or vignetting if necessary but I rarely touch many of the other controls.
Once in photoshop, I almost universally:
1. Do any/all image corrections (blemish removal, unwanted artifacts, sensor dust)
2. Adjust either levels or curves depending on what I'm doing with an image
3. dodge/burn to do enhancements where necessary, usually eyes for portrait-y type stuff
4. Any other corrections, adjustments, conversions (b&w, etc)
5. Sharpen pass
When I'm really lucky and I've managed to get most everything right in camera, I usually only have to handle any unwanted stuffs, modify the levels or curves a tad and do a sharpening pass. I would say somewhere between 1 and 2% of my images require that little, but that says more about my skills than anything.
