Well, it's about time. Unfortunately Adobe CS and CS3 don't support the Pen series of cameras, you need CS4 or later to find an update that'll support RAW editing for those cameras. The cameras come with Olympus' own editing and file management program. I'm working off two 4-5 year old computers and neither of them has a functioning DVD/CD drive, got on to Olympus' site this morning and downloaded their program. Yay. It's slower than Adobe's RAW editor, doesn't seem to do as many of the things I want to do, but it'll do 'til I get a new computer at some point in the future and load CS5 on to it.
I've only converted two shots so far, so I can't say much about the program. It does have a nice grey dropper white balance feature which works well for underwater shots... lots of greys on the reef with all of our hard corals. You can just put the dropper on a likely gray spot (OK, since this blog is read internationally I'm covering all my bases by interchangeablly using "gray" and "grey" I guess... Don't remember which one I should be using anymore) and click and the photo will hopefully go to it's natural color rather than the cyan/blue you typically get underwater. I should do some screen shots some day to show it. I tried it on a couple photos and they came out looking a bit too colorful, might have to tone down the saturation a bit on some pictures.
Here's a quick shot of a couple yellow tangs picking at algae amongst the finger corals. Tangs are herbivores and graze pretty much all day long. A lively reef will be coverered with numerous species of tangs.