Further to the current debate I make the following comment.
Though not necessarily appropriate to everyone, I highly recommend iPhoto Library Manager (http://www.fatcatsoftware.com/iplm/ $US20). This allows you to split/categorise your photos which is very convenient for collections embracing different sources, nature and uses. I have 19 such libraries. It is intuitive, used friendly and straightforward. What has gone before regarding display in "Photos" or "Events" still stands for each library.
Severin Crisp
________________________________________________________
                   Assoc Professor R Severin Crisp, FIP, CPhys, FAIP
       15 Thomas St, Mount Clarence, Albany, 6330, Western Australia.
                    Phone  (08) 9842 1950   (Int'l +61 8 9842 1950)
                            email  mailto:sevcr...@westnet.com.au
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