Adobe LR 3.0 Beta out...

[SENSEI]

http://labs.adobe.com/technologies/lightroom3/

Looks pretty good.
Enhanced noise reduction and sharpening.
The 2 things I've been waiting for so I don't need to bring into CS4...

We'll see how this works...

Looks like it's good all the way to May 2010.

[kay188]

I want to be able to install my own plugins :(

I like Topas Denoise.. :D

[N_Raged]

The improved noise reduction is quite remarkable. All the blotchiness from my a700 (and other Sonys at high ISO) is now gone and the grain is much finer.

Although this isn't revolutionary since Capture One has been producing similar results (if not better) for a long while now.