Olympus RAW converter
If you have photoshop 7, It would be worthwhile considering to upgrade to photoshop CS, instead of buying the Adobe Camera Raw plug-in. It is included in the CS and so much more for a little extra investment.
Try Adobe Photoshop RAW and JPEG Plug-in 2000 for Adobe Photoshop 7
and for Adobe Photoshop Elements 2.0
Does the software that comes with the C-5050 and presumably the
C-5060 allow the conversion of RAW files to 8 or 16 bit TIFF as
well as JPG?