A quick look: Photoshop Lightroom 3 is an image editing and digital asset organization utility.
Adobe Photoshop Lightroom 3 software helps you bring out the best in your photographs, whether you're perfecting one image, searching for ten, processing hundreds, or organizing thousands. Create incredible images that move your audience. Experiment fearlessly with state-of-the-art nondestructive editing tools. Easily manage all your images. Showcase your work in elegant print layouts, slide shows, and web galleries, as well as on popular photo-sharing sites.
What's new in version 3?
Adobe's improved noise-reduction technology enhances the look of your high-ISO images. The software has support for the video files that most DSLRs can now capture, and it's easier than ever to add a watermark. Flickr support is included as well, allowing you to upload right from the Lightroom 3 library.