Adobe has announced the launch of the finalised Lightroom at the very attractive introductory price of $199. I hope the price is as good over here in the UK, but doubt it. I find the Beta version works very well on most fronts, and in particular handles B&W conversion in a sophisticated and flexible way. Printing is blissfully easy. I use it exclusively for my M8 shots. The full version has some additional tools that make it unlikely I would want to do much editing in PS, though you can do that if you want.