This is a stupid omission and it sucks.
Not if you think about Photoshop’s purpose and intended audience.
Photosop is intended as a high-end digital image editing program. It’s not intended as a slideshow or thumbnail caltaloging application.
Normally, the reason you would open an image in Photoshop is to edit that image; if your goal is simply to view, catalog, or create slideshows of images, there are many more lightweight applications that are better suited to those tasks. Just as a can opener is a better tool than a band saw for opening cans, even though a band saw will do the job, so are cataloging and slideshow programs better suited to viewing and cataloging images, even though Photoshop will do the job.
If your goal is to edit an image, you don’t need lossless rotation–because you’re going to be manipulating the image anyway.
Lossless rotation is properly the domain of a cataloging application or an image viewer, rather than an image editor. Digital image manipulation is a job which typically requires more than one tool, each of which should be used for the job best suited to it.
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