The update bonanza continues… Apple has just issued an updated iPhoto application to go with your latest iOS 5 firmware and the just released Lion 10.7.2 software update. iPhoto 9.2, which brings compatibility with iCloud and its Photo Stream feature as well as a number of other improvements and fixes. iPhoto 9.2 enables compatibility with iCloud and iOS 5 features, including Photo Stream that automatically imports all photos taken on your iOS 5 devices with the Photo Stream feature turned on. The 376MB download requires OS X Lion. The software is available via Software Update in Mac OS X or via the Mac App Store at this link. Don’t panic if you don’t see it yet, these things take a while to propagate. Full release notes after the break.

– Left and right swipe gestures can now be used to navigate between photos in Magnify (1-up) view – Previously imported photos are now displayed in a separate section of the Import window – Book/calendar themes and card categories can now be selected using a pop-up menu in the carousel view – Resolves an issue that could cause some pages of books to print incorrectly – Rebuilding a library now correctly preserves saved slideshows and books

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