While I wasn't exactly dying without Keyword Manager in iPhoto '08 just yet, thanks to its new built-in keyword abilities, I am nonetheless relieved to see that my favorite iPhoto keyword plug-in for power users has just been updated for the latest version. While the major new feature in Keyword Manager v1.3 is of course iPhoto '08 compatibility, I have noticed what I believe is a new, dedicated Keyword Manager button added to the controls in the lower left of the iPhoto window (or has that been there all along? I've always just used the keyboard shortcut to invoke it so I never looked down there). Also on the new features list is slightly better performance when selecting many photos, an updated UI for the Keyword Manager windows to match iPhoto '08's new Adjust palette UI, and updates to the Danish translation of the plug-in. It is also worth noting that Keyword Manager still works with iPhoto '06 as well.
A demo is available from Bullstorm Software, while a license costs $19 USD (or €19).