pcdMagic converts Kodak Photo CD images into JPEG, TIFF, or DNG files. If you have PCD format files and you want to see them looking the way they did when you took the photo, you need pcdMagic. It doesn't blow highlights, and has specific color profiles by film type and scanner model. pcdMagic outputs to JPEG, TIFF, or DNG, and can convert any Photo CD file.
Note: The demo version is currently at 1.4.6; the version available for purchase is 1.4.7.