I've been reading all the Lightroom/CS5 posts on here and I'm still a bit confused as to how all these tools fit together. At a very high level, I see PP-ing as a three step process.
1) Downloading/organizing your photos.
2) Basic manipulation of images. Exposure, levels, curves, sharpening etc..
3) More specific image editing. Additional sharpening, LCE, selections, layers, etc...
Currently, I use Adobe Bridge for #1, ACR for #2 and CS5 for #3. My understanding of Lightroom is that it puts #1 and #2 of the process under one "roof" and integrates it more seamlessly. Also, it may be a more powerful organizational tool than Bridge. Whether you use Lightroom or Bridge/ACR, I assume photoshop is still ultimately the go-to tool for more involved editing.
Is this a fair characterization? Am I missing something more fundamental? I'd like to confirm my understanding of where Lightroom fits into the puzzle at a high level . Thanks!