PhotoShop CS4 will open K7 PEFs if you update to the latest version of Camera 
RAW. You'll find it here:
http://www.adobe.com/downloads/updates/
Paul
On Feb 7, 2010, at 1:47 PM, William Robb wrote:

> 
> ----- Original Message ----- From: "Tanya Love"
> Subject: RE: ok, freak out time!
> 
> 
> Hey Dave,
> 
> I am using Lightroom 2 and Photoshop CS4.  Still very new to Lightroom, and
> trying to find my way around it, whilst I love the Develop, Print, Slideshow
> and Web sections, the whole Library thing is torture for me!  I just can't
> seem to grasp the way it works.
> 
> But anyways, I'll just simplify the whole thing by sticking to DNG for now
> as I am satisfied that I won't lose any quality etc through compression, and
> that it will all work much better with it!
> 
> 
> If you are on CS4, updating the software should di it (Help/Updates).
> Failing that Adobe has a DGN converter that will make your PEFs into DNGs.
> I note that you are going to go forward with DNGs, so hopefully this won't be 
> an issue in the future.
> As an aside, Photoshop7 will open K7 DNGs.
> 
> William Robb 
> 
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