Upgrade to Lightroom 3 [Mac/Windows]
Adobe

Lightroom 3 [Student / Teacher Edition]
Adobe

Lightroom has been a staple of my workflow since version 1.0. If you shoot RAW, and you should, Lightroom is probably the tool for you. The fast import and sorting capabilities make Lightroom an easy choice for managing all of your digital assets including video. All of the Adobe Camera Raw functionality gives you full non-destructive editing in a straight forward and photographer intuitive setting. Using Lightroom's distinctive "modules" makes photo tasks quick, Develop, Print, Slideshow, Upload and Library your way around your digital images.

Upgrade to Photoshop CS5 [Mac]
Adobe

Photoshop CS5 [Windows]
Adobe

Upgrade to Photoshop CS5 [Windows] 
Adobe

When it's time to push individual pixels it's time for Photoshop CS 5. You already know that Photoshop is the gold standard but CS 5 takes it up a level. If you already own photoshop and think you don't need to upgrade to CS 5 I have two words for you - Content Aware. This functionality alone makes CS 5 a must have tool for any serious or aspiring photographer.