Ben,

I can talk about it some from an Photoshop Elements 3.0 and 4.0 point of view.

1. If you have an image in the Elements Organizer (their database), and you start the Editor, when you save from the Editor, the Editor has a check box that says, "Save in Version Set" that you can uncheck (as well as an "Include in Organizer" box) if you don't want it to be in the version set. The name gets an -edited-1 appended to it. (If you edited a -edited-1 file, then it will do an edited-2 thing.)

2. Back in the Organizer, the latest edited-x file is shown on the top of the version set, and there is a special icon in the upper right hand corner. If you tag (i.e., assign a category to) the image, it is assigned to all images in the version set. You can choose "Expand Version set" to only see the version set and I *think* you could assign a different tag to each picture that way. I can see people wanting to assign different categories to each picture in a version set - Original, Work in Progress, Final Web, Final 8 x 10, Final 4 x 6, etc.

3. You can NOT make version sets manually in the Organizer. This is a big downfall/complaint in the Elements forums. Sometimes the ODBC communications between the Editor and Organizer fails and the version set is not formed. Everyone wants a way to tell the Organizer, "Hey, this goes with that version set."

-Trish