That's a great thread and I have a lot of respect for Noel. And in most cases I agree with him. I'll never forget what a longtime ChampCar shooter told me last year when I asked him if the guys shot RAW. He said, "If you have to shoot RAW, then you don't belong out here." Basically what he's saying is that of you can't get the shot right out the camera the first time, then you're not much of a photographer.
I shoot all my sports in JPEG for the speed and convenience. Both shooting and post-processing. However, when out shooting landscapes, portraits, etc., I shoot RAW just so I do have those after-shot options of recovery if the shot is blown. Rarely is the shot blown.
I think that as we shoot more and more RAW, we'll become lazy photographers and rely more on the post-processing in front of our PC's fixing photos rather shooting the scene right to begin with.
But, maybe that's okay too. I remember the first time I was in a darkroom. My thoughts were, "Wow! This is the other half of photography." There is so much you can do in a darkroom! Same applies to digital too.
I think by being raised on film I will always go for the proper shot out in the field instead of thinking of how I can correct/re-compose a photo later at the PC.
Anyway, in my opinion the two modes of shooting: RAW and JPEG both have their places and there is NO right or wrong method. And don't let anyone ever tell you so. If you hold a RAW or JPEG print side by side you will absolutely not be able to discern the difference. However, when enlarging to super-size prints, I think shooting RAW will shot its advantage as there's just more information there to use when enlarging ro 20x24 and above.