LaTeX Bibliography
I highly recommend using LaTeX (http://www.latex-project.org/) for writing research papers. There is a bit of a learning curve, but once you get past that, it is so nice to have complete control over the layout and look of your document. Creating a bibliography or references section for a paper using LaTeX and Mendeley is easy. Gone were the days when you had to carefully craft each reference to fit a particular style. Once all the papers you want to reference are in Mendeley, go to Edit-->Select All. Then click File-->Export. Select 'BibTeX' as the output type and give it a name (I call mine local.bib). Locate the folder to store it in, and then hit Save. Now in your LaTeX document, you can reference the file for your bibliography:\newpageNow, when you want to create a reference in the paper somewhere, you simply go back over to Mendeley. Right click on the paper you want to reference, and then click 'Copy LaTeX' citation. Go to your LaTeX document, and paste in the reference code where it belongs. Now when you create a PDF from your LaTeX document, the reference number is automatically set. So easy!
\singlespacing
\bibliographystyle{IEEEtran}
\bibliography{local}
Peer Reviews
Another nice feature of Mendeley is the ability to highlight and make notes in the documents. I've used this as a way to get comments from my advisor. You could do this with Microsoft Word of course, but it's nice to use the same tool for reviewing your paper that you use to review other papers.One thing that I have not quite figured out yet is how to update a document. If I make changes to a document, if I want to replace it, I have to actually delete the file attachment and reattach the file. You might lose highlights and notes doing it that way though. What I've had to do is just create a new document for the updated file and call it Rev 2 or something.