I was pretty sure that wasn’t what pwm2 was referring to but wanted to clarify. I guess I’m just questioning his statement “Because Lightroom is clearly better at content management than Photoshop is”. Take away the off-line drive capability and I’d guess they’re pretty close as far as content management itself. The off-line drive capability just doesn’t seem that big of a deal to me. Neither does (#1) Smart Previews that allows you to edit off-line images. I guess they’d be handy if you use more than one machine, but I only use one pc. I have backups on off-line drives, but it’s a simple thing to power them on if I need something from one of them.
#2 Match Total Exposure is a nice feature, but that’s more toward editing than content management.
#3 Virtual Copies versus ACR Snapshots – ACR Snapshots also allow multiple versions with little disk cost because the info is stored within the xmp file. Pretty simple to revert to the original file settings in ACR – simply hold the Alt key which will change the Copy button to Reset which resets back to the settings originally opened in. Of course if you click Done before resetting your original settings are gone. However, a simple thing to make the original settings the first Snapshot.
I’d rather have the editing power of Bridge/ACR/PS than what few differences LR offers. I know lots of people use both and that’s fine, I just don’t feel the need to have LR when I’ve used CSx for so long. Granted at some point in the future I may have to make a decision to go CC or LR, but not yet.