I'm with Sysyphus on sidecar files; however, they are a necessary evil when using Adobe apps (or you can use DNG, but I'm not a fan of those either, or TIFF). Since I shoot primarily Nikon, and I mainly adjust images (lighten, darken, contrast, that sort of thing) rather than do major edits, I can avoid sidecar files most of the time. Regardless of what I use for adjustments, I keep metadata embeded in the image files rather than sidecar files.
I think this is really a personal preference: sidecar or no sidecar files. Certainly Adobe apps are the defacto standard for editing images and it's sidecar files, DNG or big Tiff files if you go that route and lots of people do.