elements 5 vs. ps version 7

Yes, I am pretty sure E5 will work RAW.

E5 is also pretty functional. I still work with E2 quite a bit because CS2 confuses me.

If/when I get a new computer I may try Lightroom.
 
Until last year I used Canon's DPP for converting RAW and PS7 for cropping, resizing, sharping etc.. However, I now use Lightroom and occasionally PS7. Lightroom can handle RAW, JPEGS and TIFFs, and I even use it with TIFFs from scanned negatives. It also allows you to catalogue images.

David
 
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