Worth the money.
All the enhancements I set forth here are in the final release, made yesterday. The upgrade from earlier versions is $79 and easily worth the money, not least for the splendid keystone correction which is built-in.

Conversion of my catalog, some 10,000 mostly RAW files totaling 265GB with another 35GB of full size previews, took around 5 minutes and performance seems identical in all respects to Lightroom 4, meaning excellent. The application opens in 5-7 seconds on my nuclear powered Hackintosh (Sandy Bridge i7 CPU, 16GB RAM, nVidia GTX660 GPU), and image-to-image changes are instantaneous. Life-size previews really help here and I recommend you create those when importing files. The penalty in terms of storage space is modest, with 13% additional space used in my case.

Rain in Burlingame, CA. A rare sight.
Photo taken on the iPhone 5, processed in Lightroom 5.