Is Lightroom 2 an iPhone on Steroids?

Sound like an Apple/Adobe commercial?
... not really. It's the simple, truth about amazing versatility of Lightroom 2...

It's a series of comments as part of training videos from National Association of Photoshop Professionals (NAPP), Scott Kelby and Matt Kloskowski. Between Kelby's new Lightroom 2 book and Kloskowski's new Lightroom 2 In-Depth DVD, these guys are teaching Lightroom to photographers. That particular video is their last item titled Lightroom versus Photoshop discussion on NAPP’s new Lightroom 2 Learning Center.
But they make another huge point... a comparison between Bridge and Lightroom 2. At time spent on a personal workflow level, you might use Bridge, because it came with Photoshop CS3, after you come back from an on location shoot. On the other hand, you use Lightroom to manage years of portfolio images for quick access.
While professional photographers may shoot several hundred images a day, some photographers have thousands of images without metadata, copyright, or keyword search parameters which need proper organization. These K guys are constantly shooting and constantly teaching. Takes a lot of time to put forth a tutorial about any element of Adobe’s Digital photography package. They've a startling consensus; with Lightroom 2 as the principal all-around image processing vehicle, 75% of their shooting/teaching workflow time is now spent in Lightroom.
Once a week, NAPP produces videos for Photoshop User Magazine; several recent videos have tutored about Lightroom. You can download each video between Tuesday and Monday weekly here.
With only a month since Lightroom 2's release, NAPP and Adobe are producing both in-depth and free videos. I enjoyed Julieanne Kost, Adobe Digital Imaging Evangelist, explaining details of workflow processing in her tutorials and Adobe videos. Every once in a while, I'd stop her video just to see if I could do that particularly intricate workflow sequence in Lightroom. As you might expect, free videos (Adobe, NAPP) are teasers whereas in-depth videos sometimes require copious funds.

Update: My apologies - I got the Adobe Videos hook wrong. Here's the correction:

Click on Julieanne Kost's What's New in Lightroom? And Choose...
Pt 1 - Library Module
Pt 2 - Develop Module
Pt 3 - Exporting, Photoshop, and Output
Each video is 20-30 minutes long - she is a terrific LR2 teacher.
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If you can save significant time, process all your new shoots, and make sure your entire portfolio is easily searchable, then perhaps you might want to upgrade to Lightroom 2... it's spectacular new gradient and adjustment tools will have a fantastic effect on your most dramatic images.