Winamp does have a library; doesn't mean I don't put everything in accurately attributed folders. 
The dangers of using proprietary software are known well enough for me to have never invested into any solution - I just prefer to store them pics in a well maintained directory system as well.
F:\PhotoArchiveMaster\#year\#month\#day\##shoot-description\(optionally)subshoot (for example, singling out a person whose portrait I shot while working on an event).
I store processed files (cropped / resized for publication) elsewhere entirely, in the working folders for the journalistic stuff (which includes texts, audio recordings and photos in any combination) following a similar structure. Helps me avoid mixing up the archive and the stuff in the works.
The dangers of using proprietary software are known well enough for me to have never invested into any solution - I just prefer to store them pics in a well maintained directory system as well.
F:\PhotoArchiveMaster\#year\#month\#day\##shoot-description\(optionally)subshoot (for example, singling out a person whose portrait I shot while working on an event).
I store processed files (cropped / resized for publication) elsewhere entirely, in the working folders for the journalistic stuff (which includes texts, audio recordings and photos in any combination) following a similar structure. Helps me avoid mixing up the archive and the stuff in the works.