Just in Photoshop alone, I'm most excited about the new extracting tools, the HDR, and the content aware fill. However, at a full price of $1899 for the design version (ouch), I might have to take up some local college art classes to get in on an academic discount for an upgrade - no known pricing about this yet.

Check out some video demonstrations on what's new at photoshop cafe.

Pricing for the Adobe CS5 Suite on Pre-Order