Apple today announced iLife ‘05, the latest upgrade to the company’s’s award-winning suite of digital lifestyle applications, featuring major new versions of iPhoto, iMovie, iDVD and GarageBand, and iTunes. iPhoto 5 adds advanced editing tools such as controls to set exposure, black and white points, saturation, tint, temperature and sharpness, while also showing users a histogram and providing “the most intuitive way ever to straighten photos.” In addition, iPhoto 5 adds support for uncompressed RAW photos, a new advanced slideshow builder, a new way to create affordable hardcover and softcover photo books (now starting as low as US$3.99), and more.