Because of the LCC feature in Capture 1, my standard workflow is to import into C1, apply the LCC and do some level of developing in C1 before exporting a tiff to Lightroom. I'm impressed with the changes in LR4, and frankly if it wasn't for the LCC I think I would do everything in LR just like my dslr and m4/3 images.
For those of you who do something similar, I'm wondering if there are thoughts on what adjustments people do in C1 vs. LR. I suppose the more done on the raw file the better, so is the simple answer do the most in C1 as possible then export. On the other hand, I'm too lazy and time crunched, so I really want to focus my learning efforts on one application. Maybe I'm searching for other answers just because I know LR so much better than C1...
As Jeff and others have pointed out in various threads, the raw application is often not the limiting factor, but the expertise of the operator. I just ain't that good a driver behind the C1 wheel.
Dave