I guess this is a thread that one needs to be cautious about commenting on, including my earlier statement of optimism about the rendering qualities of LR3 before I had had the opportunity to put it through the paces that was put down by Jeff. I understand unsubstantiated negative comments being unwanted, but I had thought a brief "here's hoping" sentiment would be acceptable, as it came with a thumbs up about the already solid interface. Sorry about that.
I will keep it short and sweet, but just wanted to go on record as being favorably impressed with the new rendering of Phase One files, as compared to Capture One. I had a chance to process a half dozen files, and like what I see. I do a lot of art reproduction, and I don't shoot high ISO, or generally have noise issues with art or my personal work, but have found fine detail, and particularly the smoothness of solid colors and gradations to now be on par with C1 processing. I can now use DNG Profile Editor profiles, which did me no good with C1, and only use C1 for tethered shooting. I'm looking forward to it. Thanks, Adobe, especially for the $19.99 upgrade path from LR2 to LR3. <humor>