flowrider:
you can even simulate bokeh with a layer that you blur then mask out the subject. It's a very fake look, even if you are careful, but even that can be somewhat simulated in PP. But in a way it can be fun because you get that "fake" look that is sorta fun once in a while...you know the look where everything/everyone in the shot looks plastic or fake in miniature...
I think we all still prefer to get as much right in the camera as possible then fix the stuff we screw up...hehehehe...and thank the gawds for that ability with RAW!!
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For the rest of the thread, the ability to use presets and process things in batches/bulk really can take away a lot of the time overhead some people worry about with shooting RAW. Of course any program that can work this was is fine so one doesn't need LR. I have been slowly making presets for my K20D with different lenses mounted (no not lense profiles just comprehensive camera-lense combo's. I then tell LR to apply one of them on import. It really works nicely and for the shots on which a given preset does not work it takes a second to either tweak the settings or revert that shot to unaltered. This way the need for "hours" of post processing as someone mentioned is not needed all the time. But remember a lot of shots do not happen by accident. It takes a skill in post to really make them great. That is why people who do it for a living are worth the cost.
Luckily my needs are, generally speaking, simple in the area of PP...simple cropping and a bit of sharpening with maybe some WB stuff...might be why presets work well for me most times.
Something people are not mentioning it with RAW files, one can do non-destructive (as in not permanent) edits. As far as I know this is not possible with JPG files so you need to save a copy of the starting image before doing your edits, you know, just in case disaster strikes, something that often happens for a hack like me!!