I have the same problem with settings not holding/sticking with version 1.6.8. It seems every time I log in I have to manually activate my settings (even though I have set it to supposedly do that when I log in automatically). Other than that, it works fine.

MacUpdate doesn't yet list the changes that come with version 5, so here they are (gleaned from MacMinute):
a new and streamlined interface, support for Intel-based Macs, an auto file renaming feature, and a new bootable DVD.

I own the previous version of this software. Unfortunately it has not helped me recover a single file successfully; it could just be my bad luck. All I've ever gotten is gibberish, even when possibly hundreds of files were mistakenly deleted all at once. (They couldn't have all been overwritten, could they?)

There are some good things about the program to like. It has about all the asset management functionality you could want, as far as cataloging and indexing files. It's reasonably easy to use, and rather flexible.

My main gripes are that the Mac version is crippled in its support on graphics to whatever the current version of QuickTIme supports. At the cost of this app, you'd think it could stand on its own and not be limited in this way.

Second, I had a huge iView catalog, which became corrupted. I work with lots of large files, and corruption is a very rare (perhaps unprecedented) occurrence on my system. The catalog was completely unrecoverable. I would expect the catalog integrity to be a little more robust than it is.

Due to its limited import functionality and questionable stability, I consider it overpriced. For pro prices, one expects pro performance.

Photoshop is the best for pro users, probably overkill (or even intimidating/unfriendly) for casual users. If you don't need its pro features, get Photoshop Elements instead.

I find that Photoshop does exactly what I want, most of the time. All the tools work great, and offer a high degree of precision to accomplish what the user needs to do.

It has gotten a bit bloated over the years, and it seems like Adobe's innovation and striving for perfection has slowed a bit. For example, the filter set has been virtually unchanged for the last 3 or 4 versions ... which is unfortunate because filters are a significant part of Photoshop's functionality.

This is an awesome app that just keeps getting better and better. Keep up the good work, Panic!