With regards to the edit list, I much prefer the data embedded with the file. No data to lose as long as you have the photo file itself, and flexibility organizing your folders as you please, ease of backup etc. Also, since NEF is Nikon’s format, I’d say Adobe is behind the 8 ball and needs to catch up.

On this subject, I have tried both programs and I am pleasingly suprised at the printing functions in Lightroom. I have used Photoshop (7 and then CS2) until now for my printing, but, should I buy Lightroom, I would not have any doubts on which program I would use.

Finally, re. the “zone” adjustments, I feel that I would still prefer Photoshop to Capture. I would use Lightroom for my “standard” (i.e. not requiring Lazo type tools) adjustments and conversion from RAW and, for the few cases where I would require “zone” adjustments, revert to Photoshop, whose functionalities in this department are miles ahead of Capture.