iPhoto Library Size

My first disappointment. What is up with iPhoto 08's library size? I have 17456 photos which take up 24G of disk space. Three guesses how big my iPhoto library is.........

104 Gigabytes!!!!

Others have this same problem. It seems in iPhoto 08 it wasn't as bad. I'm going to have to delete this library and try again.

I do have version 7.1.2. I'm going to update to 7.1.4 before I do anything else.

Question: when the mac first booted it soon asked if I wanted to check for updates. I clicked yes - and it updated a bunch of stuff. Why wasn't iPhoto updated?!?