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http://labs.adobe.com/technologies/lightroom4/

New Features in Lightroom 4 Beta

• Highlight and shadow recovery brings out all the detail that your camera captures in dark shadows and bright highlights.
• Photo book creation with easy-to-use elegant templates.
• Location-based organization lets you find and group images by location, assign locations to images, and display data from GPS-enabled cameras.
• White balance brush to refine and adjust white balance in specific areas of your images.
• Additional local editing controls let you adjust noise reduction and remove moiré in targeted areas of your images.
• Extended video support for organizing, viewing, and making adjustments and edits to video clips.
• Easy video publishing lets you edit and share video clips on Facebook and Flickr®.
• Soft proofing to preview how an image will look when printed with color-managed printers.
• Email directly from Lightroom using the email account of your choice.