I just have photo stitch and DPP installed, but I think it gave me the choice to install each component by itself.
I was initially skeptical when I first tried it, but now I use it for most post processing tasks. In addition to white balance correction, you can adjust sharpness, contrast, and lighting levels. You can adjust overall brightness levels, or just the levels in the highlights or shadows independently. You'll get too much noise if you push it too far, but if you have a hotspot, or shadow that needs darkening, it works reasonably well. I also like the batch processor. You can make your adjustments, and then convert everything into jpg choosing image quality, dpi, even re-size, all in one batch, which saves time if you want to post resized pics to the web.