Adobe is updating its popular RAW processing tool Lightroom to version 3 featuring

• a new RAW processing engine (same as in CS5) with major performance improvements
• profile based lens correction
• tethered  shooting for some Canon and Nikon lenses
• management of video files
• new import dialog with previews
• support for synchronization with Flickr (supported directly) and other communities (via plugins)
• printing layouts
• export of slideshows as video files

The update is availble for $99 (or $299 for new users).