Forget that last post i found it, and heres my first ever RAW conversion,pretty basic but I'm like impressed!!


We have a convert! 
I shoot both RAW or JPG, depending on subject matter and other factors. I'm still experimenting. My DSLR is a non Canon brand and can save both at the same time. Since I don't have Canons DPP, I can use the other brand's software, which is just horrible, or Adobe camera raw. The CS4 bridge lets you open and process JPG files as if they were Raw files. The couple of times I tried it, I could do anything with a JPG that I can do with a RAW file.
While doing very basic editing, you are essentially correct. However, if you want to recover highligh/shadow detail, edit tone curves, alter WB etc then you will quickly find that the jpeg runs out of information and you end up getting losing detail as the depth of information is not there.
If you can capture a near perfect Jpeg, then RAW probably does exceed your needs. However, if you miss the perfect jpeg (over/underexposed by up to 2 stops, too large a dynamic range ie over 5 stops etc), then RAW will probably get you out of the hole.

