Now instead of being limited to a simple desaturated conversion to black and white, users can choose from several styles of black and white that are based on color channels from the original images. After choosing a style, the B&W effect can be further refined by clicking on the variation samples. It's really very simple and gives much nicer results than the desaturate command.
Black and White Variations Screen Shot Tour of Photoshop Elements 5
By Sue Chastain, About.com Guide
Photoshop Elements 5 has a new Convert to Black and White command that features variations, much like the color curves adjustment discussed on the last page.
Black and White Variations
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