Photoshop has been around since 1990. Photoshop CS5 is really Photoshop 12; Adobe changed the name to CS, "Creative Suite," back at version 8 to make it seem bright and new, as opposed to a perennial update.
The ] improvements in CS5 are things that let pros who use Photoshop all day, every day, get more done faster.
These speed improvements let us make more pictures faster, so we make more money, which makes the price of any of this software irrelevant.
If you're a casual photographer, there's nothing about Photoshop CS5 (a.k.a. version 12) that requires you to buy it. Photoshop 5.5 of the 1990s has everything you need today, so long as it runs on your computer.
CS5 is all about getting more done faster, which in this iteration, is all about better, faster selection tools and automated lens correction.
CS5 only runs on Intel Macs, not the Quad G5 I was using when it was released. (It also runs on the latest versions of IBM PC.) Today in 2012, it runs great on my hex-core 3.33 GHz MacPro
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