When it comes to RAW in a smallish p&s, your choices are very limited. I have the LX2 and like it, but then I never shoot above base ISO. Even then, I personally believe, that the LX2 has too many pixels..
One other option might be the Canon G9..
The greatest of mankind's criminals are those who delude themselves into thinking they have done 'the right thing.'- Rayna Butler..
IMO, raw is pointless in a P&S. The sensor itself produces output that is far worse than any artifacting that the conversion to JPG might introduce..
Furthermore, the vast majority of people buying a P&S have no idea what raw is, and wouldn't use it if they did..
I've had a few P&S cameras, but their output is so pathetic that I'd rather tote my DSLR along or do without. The camera in my iPhone is good enough for the occasional happy snap that I might want..
There is a firmware hack for some of the small Canon P&S that will allow you to shoot raw. The Canon a570 is one..
Cameras with RAW built in :.
Fuji E-900several Panasonic modelsCanon G9.
However the CHDK hack for * some * Canon Powershots gives you a lot more than RAW. It provides a whole set of new functionality. Checkout the Canon forum for more info or google CHDK. I've used it on a Canon A710 IS and baring in mind you get something for nothing and it's a small sensor camera ( = noisy ) it is useful..
I got the E900 for RAW and it's nice, but really it's best not to expect too much from RAW on a compact or P&S..
Pentax K100DFuji S5200Fuji E900PCLinuxOS..
I used to prefer to just lug my SLR along, but restrictive airline cabin rules have made that a no-go option for me..
A lot of airlines only allow between 6 and 10 KGs of hand luggage, and neither my travel insurance nor my household insurance covers my camera gear in the hold of an aircraft..
So I need a P&S these days for any time that I'm carrying PC or skydiving gear with me on the plane...
IMO, raw is pointless in a P&S..
I don't think it is pointless. Look at Thomas Niemann's analysis of G9 RAW files:.
P&S RAW is more limited that DSLR RAW, but it is still better than dealing with pre-cooked JPEGs..
The sensor itself produces outputthat is far worse than any artifacting that the conversion to JPGmight introduce..
I don't think so, at least not at reasonable ISOs. Yes, the output is bad if you use high ISOs. Solution: don't use high ISOs with a P&S..
As a reality check, here are full resolution images from a Canon G9 and from a Canon 5D. They are the studio shots that DPReview uses to compare camera quality. Do you see any meaningful difference between them?.
Canon G9, ISO 80:http://a.img-dpreview.com/...ews/canonG9/samples/comparedto/canonG9_ISO80.JPG.
Canon 5D, ISO 100:.