Well, the general consensus is that Apple doesn't want to step on Adobe's, one of biggest customers for OS X, toes. The closest Apple did was release Lightroom, but it's argued that there's really no equilivant.
That said, I believe iPhoto is supposed to be your photo management program; and there's plenty of small free apps that give you some basic functionality. I'm sure they've been mentioned a few times in threads re: Must-have apps for Mac.
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