As there's been a lot of discussion elsewhere, I thought that I'd start the ball rolling and try to list the advantages and disadvantages of shooting in Raw. So here goes - I'll list some but this won't be exhaustive - please add more.
Raw - the Advantages:
A Raw file has as much information in it as the camera can produce
Raw files can be opened using a variety of software, each of which has its own characteristics and interpretation
Raw files can be used to produce 16-bit editable files (actually 12-bit) which show less degredation if severe adjustments are needed
The only parameters set on the camera which affect the Raw file are ISO, Aperture, Shutter speed and focus
Within limits even exposure can be adjusted when opening a Raw file
The Raw file remains intact and can be re-interpreted many times and this includes in the future when better software may become available
White balance is highly adjustable
Jpeg - the Advantages
Smaller files - easier and quicker to store and open
A format understood by many types of software now and almost certainly for a long time to come
Adequate for many applications and still editable although to a far lesser degree than Raw
It would be interesting to hear other people's view so please add in - perhaps we can sort a definitive list!