By now means a brilliant software specialist but my 2 eurocents:
the raw format of each camera is specially tailored at the brilliancy and idiosyncrasies of that particular sensor. I would say that transforming these data to a DNG would just be an extra computer step (in camera or at home). In my view it is better to convert the raw to enduse, rather then taking an extra step.
Gerard
16bit TIFF files are BIG. For example the raw files form my 5D are typically around 10 to 12MB the converted TIFF files are 75MB uncompressed and not that much smaller with LZW compression. That's a huge difference in disc space.
I don't know this in great detail, but from what I've read, I think it is possible to preserve all essential information in converting to DNG. I think camera makers can adopt DNG without compromising image quality if they choose to.
I'm keeping my raw files in the native format and not converting to DNG. Converting would limit my raw converter choice to essentially just Adobe, and I happen to like a least a couple of other ones better. I don't loose any sleep over the possibility that I'll not be able to find a converter for my current files in the future. For the worst case I have a copy of the source code for dcraw, but really doubt it'll ever come to that.
The idea of a standard raw format in a good one, but I don't think that the major camera makers and the other raw converter vendor would trust Adobe enough to go along. Some do. For example the Pentax K10D has a DNG output option.