As a Christmas gift to myself, I recently purchased Lightroom 5! (So, if you don't hear from me for a few months, you probably know where to find me...) It's definitely a step up from iPhoto :)
Here's my first edit: Capitola, California, November 2009. Taken with my little Canon Powershot SD1400 point and shoot. I'm a little overwhelmed by the options and should probably read the user's manual or something. First time trying a watermark, only took me about 20 minutes to figure out!