So now that I have CS3 installed and I'm basking in it gloriousness (is that a word?), I have to learn about all the new features.

The coolest thing I've found so far is the new Black and White Adjustment tool in Photoshop CS3. FREAKIN' AWESOME! This simplifies converting photos to black and white into one tool and gives me total control over the image.

Granted, I wouldn't want to edit every single photo from an hour long photo shoot this way, but it's an incredibly powerful tool when I want to make a really wonderful photo even that more special. :)

Check out how it works with this video from Photoshopsupport.com: Black and White Adjustment Tool.