^ You are correct in your assumptions about LR. Where it excels is image management and things like batch processing. This is what Adobe designed it for. It was never designed/intended as a stand alone image editing engine. It was designed as a complimenting program for your image editing software. In addition, it's processing is destructive, unlike CSx and Elements which use layers for non destructive editing. Somewhere along the lines people got it into their heads that LR is "one stop shopping for all of your editing needs". It's editing capability is limited compared to CSx, but it can be very useful for pros who need quick, easy access to files, or batch processing for wb adjustment, exposure adjustments, etc. From there, final editing is done in CSx or Elements (or your software of choice). In your situation, already having CS5, LR may be a useful addition to your workflow. Download the free trial and see for yourself if it fits in well. FWIW, LR and CS5 use the same version of Adobe Camera Raw.