I just got the new iPhoto as part of iLife 05 and they've removed something pretty basic! In the prior version, you could set the External Editor under Preferences, even if you left double-clicking as editing only in iPhoto. This gave you the option of editing in iPhoto or right-clicking (option-clicking) and choosing Edit in External Editor. This is now not working the same way. You can choose one or other, but Edit in External Editor is now grayed out, even after I've verified Photoshop CS was selected.
