I have a Canon powershoot SD500 and going to upgrade in a couple of weeks. I want to get a P&S that has raw but one of my freinds said there is no point in getting a camera that has raw because its image sensor is to small to make a diffrence on the image and that jpeg is good enough in a P&S. I know when useing jpeg the camera does all the settings autmaticaly and RAW is better so I could do all the tuning manualy. I also have a dslr for my main camera I just want a camera that I could put in my pocket when going out at night. So does RAW make a diffrence in a P&S or is it just a wast of money? I am thinking of getting a Canon G10 or Panasonic for its lense, the Nikon looks good with the geo tag and all but it draines the battery to fast and sometimes it can't get your location.