LR4 Smart Object pipeline bug--opening an image as a smart object in PS CS5 using Process 2012 does not bring forward all adjustments from LR4--real issue needing a fix soonest!
Yes, and I thank you for your help, Chris. However, when you open the smart object in PS, the ACR 6.7 interface requires you to convert to Process 2010 for additional adjustments, thereby negating a good portion of the work done in LR4 prior to transitioning to PS.