...in my opinion.
Unless I'm using it wrong, which may be entirely the case.
Years and years ago, I used a program called Webtricity by Micrografx, which was bought by Corel. They had the magic wand, and I feel it was more advanced 10 years ago then Photoshop 5's Magic Wand is today.
In Webtricity, you not only set the wand size, but you could also set the percentage of color variation you wanted to select. This allowed for easy, fast, and precise selecting. I used to be able to retain individual strands of hair that I find impossible to do in PS5. Another great thing you could do in Webtricity was color-pick (eye dropper) specific pixels that are a certain color, remove them, or replace them with another color. This was great for let's say removing something in the background behind a net. In PS5, it seems you would have to zoom in, and individually select each area on the seine of the net, and go from there.
Are these things available in my PS5, and I just haven't figured it out? I still have my Webtricity disks, but it doesn't run on Windows 7.