Doug,
At the moment, only DAM software does this - iView, extensis Portfolio, idImager, iMatch.
As other software sees the utility of using these, it will become more common.
Peter
Doug,
I limited my original reply to ACR's ability to extract the JPEG, as I didn't know if you had any DAM software. However, if you do, then Peter's suggestion would normally be the better method. A catalogue app is usually the focal point of a well-structured workflow and you don't want to open additional apps like ACR if you don't need to.
David