I downloaded the new beta of Iridient Developer 3 to see how it handles my E-M1 and X-T1 RAW files. This image demonstrates just how ridiculously horrible Camera Raw is at dealing with high ISO in my ORF (Olympus) files. ISO 2500 in Camera Raw (on the left) and Iridient Developer (on the right) with just default settings: It can handle images up to around ISO 800 before it starts to absolutely fall over. This isn't just pointless pixel-peeping either. There is a noticeable difference on-screen between the Camera Raw and Iridient renderings of these images. When pulled into Lightroom, the Adobe version has dramatically less detail thanks to the pronounced noise. The Iridient rendering of the same file (with no adjustments) shows better color and better details in things like freckles on skin. And here's a comparison in Lightroom (settings defaulted to what comes out of the camera; Iridient on the left and Lightroom on the right): The Lightroom version has noticeably less interesting color even though extreme highlights like around the hair are somewhat better retained. But freckles on the skin are completely washed out by Lightroom where Iridient preserves those almost imperceptible details. When noise reduction is turned up the Iridient version starts to clearly pull away from Lightroom. This is somewhat deflating to know that I pay Adobe good money for the use of Photoshop, Lightroom, and the rest, and yet I still have to pay $99 to go get a "real" RAW converter. At least that's just a one-time fee, unlike Adobe's subscription. But I love Lightroom! I use the VSCO presets and cataloging features and it's really a great organizational tool. I love having all those settings easily accessible and it does a reasonable job at B&W conversion. But noise is a real issue for me with micro 4/3 and this drastic difference in handling it at relatively modest ISO (2500 is not that high any more) means I'll just have to bite the bullet and go with Iridient for "real" RAW processing and use Lightroom for TIFFs and JPGs. This might also mean I may just alter my workflow to use RAW+JPG and work with the JPGs more directly rather than relying on RAW only.