One neat thing about PhotoShop is that there are three ways to do just about everything you could want to do - the program was designed with the cooperation of a photographer, a graphic artist , and a process printing pro. For the most part, this mans that there is an easy (quick) way, a "more advanced" way, and a "radically complex" way to accomplish every tweak you can imagine. I have no experience with PSP, but I have yet to see seamless integration of PSP files into InDesign, etc. There is a reason why PhotoShop is the industry flagship - because it offers all of the features that pros could possibly want in a image editing application. The reason it may not be quite as capable with text (although CS is QUITE capable) - is that it is NOT a page-layout application - you create the image in PS, then it's placed in a page-layout program like Quark or InDesign. Does this mean that PS is a better investment? Unless you plan to utilize the capabilities that PSP doesn't have, probably not. Kinda like buying a Ferrari to drive along the local streets at 35MPH - kind of a waste.