Constant reader Joachim Bean alerted us that the an update to iPhoto '09. Version 8.0.4 is ready and available via Software Update.
Apple states that 'this update addresses a rarely encountered issue involving photos imported into a previous version that could affect overall stability, and corrects references to a few points of interest and location names that were labelled incorrectly. It's recommended for all users of iPhoto '09.'
The update also fixes the installation bug in 8.0.3 that we covered a few weeks back. The update screen contains a link to an Apple article explaining the fix of this problem.