First off, I'm on LR 4.4 and PS CS6 (Camera Raw 7.4.0.137) using ProPhoto RGB as my LR colorspace and have my PS color settings as Working Space: ProPhoto RGB and my color management policies to preserve embedded profiles.
When I right click on a DNG in LR and choose "Edit in Photoshop", LR sends it to PS and PS does its "Reading in Camera Raw Format" and opens the image. However, the colors are off (very muted) and any lens corrections I've applied in LR are missing. My monitor (iMac on OSX 10.8) is calibrated with a Spyder. I've also noticed that if I choose to edit in another application, it renders the tiff fine and the color and lens corrections are correct in the tiff.
Anyone have any ideas what my issue is?
Thanks,
Matt
ETA: After some experimenting, it seems that the "Adobe Standard" profile is what gets sent to Photoshop. The rest (Camera Landscape, Portrait, etc.) are ignored. What's going on here?