RAW support in iPhoto

Apple sent me a mail saying my iLife copy has been dispatched. In the mean time, California Fox reports that iPhoto's RAW support is, well, fake. It imports RAWs, but rather than use the RAW files as a source when modifying brightness, temperature, exposure, saturnation etc, it uses an intermediate JPG copy. And as we all know, this just isn't the same. This is not what we asked for when we wanted RAW support, and just not mentioning this and waiting for people's reactions seems just irresponsible on Apple's part.

In the mean time, I've come across f-spot and I'm currently tracking its CVS and looking at integrating Udi Fuchs' ufraw into it. This'll be my first shot at C#, so I'm wondering both how the task will be and how people will respond to it. I do NOT, however, plan to settle on intermediate JPGs.