Originally posted by Hal A In h is Initial response, Adam suggests waiting. It is now May 2014, and the K-3 RAW driver is only available for CS6. I have CS5, and several thousand RAW shots (with JPG) shot on K-3, assuming I'd be able to get driver eventually. Getting CS6 would be a major shift in gears for me. Does anyone know if some version of elements will accept The driver, or will I have to make the transition to CS6 to use my existing PEF files from K-3. Or is there a way to convert existing PEF to DWG, then import to CS5?....
Ian easy way to convert files to DNG and have better cataloging than CS, is to get LightRoom. Then just do an import-Copy as DNG, and it will convert all the weird formats. I use this with my Fuji pocket cam and when I goof up and forget I restored to factory and my K7 is in PEF mode. Conversion takes a while, but pics are identical.
(And I'm thinking about upgrading to K3, too - it's good to hear other K10/7/5 users happy with the upgrade)