QUOTE
Photoshop 7 won't work in Leopard, I've been told.
A new iMac is in the works and I have to upgrade my design apps.
Is that an answer to my questions in <
post #3>?
I know PS 7 is powerful and CS3/4 is great, also. But, without knowing exactly what it is that those apps do
andthat you need, it may be impossible to find an alternative. And that's what you may end up needing to do.
Elements can run many of Photoshops 'Actions.' It has layers. It therefore has adjustment, mask, fill, etc. layers. As a matter of fact, it has many of the functions of the full PS app, they are sometimes located or accessed differently. Of course, some are flat not available. Just depends on what you need and use. For even its full price, I don't think it can be beat.
If "page layout" is a need, Apple's Pages (part of the iWorks Suite, $79) is extremely powerful. While it comes with a multitude of templates, you can design a 'page' in just about any size you want, AFAIK. You can enter text and images anywhere you want and position them to the pixel.
I know these questions are not answering your real search, so just ignore me like most others, if you want!