IPhoto 08 and Photoshop - suggestions on workflow and managing PSD files

Question

Hi Everyone,
I'm a long-time Photoshop user, and a recent convert to Mac (BTW - I love my new Mac), therefore I am also new to iPhoto 08. I must say that I actually enjoy how iPhoto manages my pictures, as it is not all that different from how I've been managing my pics manually for years (by year, by event, etc.). I've read the various discussion topics on how to set up and use Photoshop as an external editor from iPhoto, and have not had any problems up to now.
I'm now looking for suggestions on workflow and managing my PSD files. I apologize if this is a little long, but I want to make sure I explain the problem clearly. Here's the scenario:
- From iPhoto, I choose to edit an existing JPEG file in the external editor, Photoshop.
- I perform my edits (including advanced edits with layers etc.)
- I do both a "Save As..." and a "Save". That way, I "Save" the flattened JPEG back to my iPhoto library properly, and "Save As..." a PSD file in case I want to do further edits on the image later (days, weeks, months later).
I'm looking for suggestions on where to put my PSDs. For now, I am saving the PSD to my desktop (using max compatibility), and then importing the PSD into my iPhoto library (into the same Event as the original JPEG). However, this leaves me with 2 copies of the same picture: 1 JPEG, and 1 PSD.
The problem is, I now want to go back and do more tweaks on the PSD, the end result of which will make the JPEG version out-of-date. I can either
1) Open both the PSD and JPEG versions at the same time, tweak the PSD, then copy and paste the flattened layers on top of the JPEG version and "Save"
2) Open only the PSD, tweak, and save a copy as a JPEG onto my desktop and re-import into iPhoto.
Although a little tedious, both options seem to work. Are there any other options? What do you suggest? I'm curious to see how others manage this.

Answer 1

I don't have a solution for you (sorry) but I'd like to comment because I'm in a similar boat. However instead of saving PSD files to the desktop, I've been advised to save these to TIFF format in Photoshop by a professioal photographer friend of mine (I think he feels its a more universal file format than PSD for archival purposes). The downside is the files are huge.
I imported high resolution jpegs into iPhoto. I then use Photoshop to edit and save the flattened jpeg version back to iPhoto (thankfully, keywords are preserved this way). I recently realized that I need to save a copy of the edited file in a lossless format like TIFF or PSD. Unfortunately when I save the file to TIFF and import it back into iPhoto, keywords are lost. This is a drag.
What I am trying to figure out is how I can retain my keyword info in the edited archival version. Any tips?
I'm beginning to question whether I should import my photos in to Photoshop (or PS Bridge) first, save the original for archival purposes, do the majority of editing and save a TIFF/PSD file and then import this file into iPhoto for keywording, further editing, downsizing, etc.