The erudite version....
1. Connect camera to PC via USB. I never take the card from the camera as it can damage the camera pins putting it back.
2. I use CS5 Bridge to download, and I convert to DNG as I download (there's a tick-box for this)
3. I download all files to a folder called 'bucket' with a sub-folder of shooting date. That keeps them all together and easier to find. Bucket lasts for the current month, during which time I may revisit shots to re-edit. At the end of each month I move all files to relevant folders, and upload any decent shots to my website.
4. I scan though the RAWs in Bridge slide-show to get rid of the duds (hit delete key)
5. I try to do as much as possible in RAW edit - White balance, contrast setting, colour correction, levelling etc as it is non-destructive in RAW edit.
6. In Photoshop I will do local edits/corrections, and sharpening. I also use various plug-in filters at this stage, especially Silver Efex Pro for BW shots.
7. I used to crop, but I'm beginning to doubt the wisdom of doing so. You can always print to a specific aspect ratio, but if you have already cropped to, say, metric size, that means you may have to lose some more to print to a non-metric ratio.
8. I keep the historic RAWs in another folder called RAWs, and my completed Tiff/PSD in subject folders, sorted by date created.