I really don't see any difference from a practical standpoint in the prints I've made between RAW and jpeg. In fact, PS affords me more options than any RAW converter that I'm aware of. I think the "RAW" people are overstating RAW advantages, understating jpeg advantages, understating RAW disadvantages, overstating jpeg disadvantages, overstating the importance of what they see when they pixel peep, and understating what the final product - the print, looks like. A low compression highest quality jpeg setting is just fine, way way more than merely adequate. It's not like these are 2 megapixel cameras and these 10-14 megapixel cameras are leaving you wanting for additional anything... the jpeg engines in modern cameras are refined and get it perfect nearly every time except for white balance on occasion. If your camera has a RAW setting, it also has a manual white balance setting. Use that - it's better than any correction in post and it's "real time".