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This new version of the Camera Raw plug-in replaces the original one that was installed with Adobe Photoshop CS5, Adobe Photoshop Elements 8 and Adobe Premiere Elements 8 software. Visit the Camera Raw page for a complete list of supported cameras.
The Adobe Photoshop® Lightroom® 3.2 update includes these enhancements:

Additional camera support for several new camera [...]

Open a free Photoshop.com account to upload, store, and share all of your iPhone or iPad photos. Enjoy 1,000s of photos in your pocket by accessing your entire Photoshop.com photo library right from your iPhone. Right in the moment.
It’s easy to use Photoshop Express on your iPhone or iPad. Simply drag your finger to crop, [...]

Adobe Reader Protected Mode is a sandboxing technology based on Microsoft’s Practical Windows Sandboxing technique. It is similar to the Google Chrome sandbox and Microsoft Office 2010 Protected Viewing Mode.
The initial release of Adobe Reader Protected Mode will be the first phase in the implementation of the sandboxing technology. This first release will sandbox all [...]

Adobe  announced the immediate availability of Adobe® Photoshop® Lightroom® 3 software for Windows® and Macintosh, the essential digital photography workflow solution that allows photographers to quickly organize, enhance and showcase their images from one application.
Features:

Superior noise reduction
Accelerated performance
Lens correction
Support for DSLR video files
More flexible online publishing
Image watermarking
Easy-to-share slide show videos with music
Easy image importing
Tethered shooting
Perspective correction
Film grain [...]

The camera raw functionality in Adobe® Photoshop® software provides fast and easy access to the raw image formats produced by many leading professional and midrange digital cameras. By working with these “digital negatives,” you can achieve the results you want with greater artistic control and flexibility while still maintaining the original raw files.
This new version [...]