Sure, it doesn't have 3D buttons or a streamlined interface. Nor is it well advertised. But that lets DL&C put its resources into programming.
Version 5.0, released in March, has a rewritten RAW converter that allows good highlight recovery. Want to make high-dynamic-range images? The program has an engine for that, too. Just about every tool you might want is included, from chromatic aberration reduction to brightness, contrast, and saturation adjustments that target just shadows or just midtones.