Nice timing! Am definitely looking at alternatives to Photoshop since they only want high end professional photographers / image editors as customers.
ZoranC: Way Adobe pulled this one off sucks big time in my book.
During (pre)Xmas sales they were dumping LR 3 for $149. Now full version is $149 and upgrade is $79 which means those that gave money to Adobe early are milked by Adobe out of an extra $79 over those that didn't give them money.
Don't tell me Adobe management didn't plan this, that they didn't know what their LR4 pricing strategy will be, when LR3 sales started few months ago, so this leaves a stench of yet another greed driven manipulation by Adobe.
If Adobe had any respect for their existing customers they would offer free upgrade to anyone that bought LR starting in November of 2011.
Otherwise they shouldn't be surprised when customers start looking for ways to not give them any sales in the future, or to delay purchasing of Adobe products for as long as possible.
I know I will be one of them as I firmly believe any greedy company deserves strong lesson in how to be humble and not spit in the face of hand that feeds you.
I suspect recent purchasers will be able to get some kind of rebate/refund back. When I purchased and upgrade from CS2 to CS3, CS4 came out like a month later. I inquired and they happily sent me CS4.
Besides I don't know of any software user that doesn't realize there is an upgrade timeline for software and if you research properly you would have known it was happening soon due to the age of CS3.