Photoshop 7 was my main photo-editor until I started shooting exclusively raw with my new E-500. PS7 doesn't have integrated raw support and I was no way going to pay £500 for the latest PS. So I got PS Elements 4 with ACR built-in and it's great. Beats using a separate raw converter then having to do the rest in PS7. Also because PSE4 is much newer than PS7 by around 4/5 years, it's actually a more powerful and capable program, with just a handful of features missing that I never used anyway. Highly recommended.