Hi Marko,
I have a big Canon DSLR and have been experimenting with it for several years now. It will shoot in JPG, RAW or both. When I ask for anything but JPG, the SD card fills up very fast. Since mine connects by USB2, the transfers get very slow as well. Other than that, I see very little difference except at dynamic extremes between JPG and RAW. (There is less banding in the shadows on a bright sunny day)
I have been very impressed with lightroom, but like all things Adobe, it is expensive. I have used the betas and found them to work very well. The UI is very responsive and FAST! That said, I seldom have the time to process the images to get that last 10% out of each image. So I have not bought lightroom, and I now use the DSLR in JPG-only mode. On occasion I do need to get that last tweak out of a photo, so I use PhotoShop for that. Some might say it's overkill, but that is what I have left over from an old UI design project.
I would suggest that you buy another internal drive for your RAW images. External drives are just too slow, unless you have 1394b. You can find a 7200 RPM 2TB drive for very reasonable these days, and the extra money you save can be saved towards that LightRoom license- or more glass.
Interesting comments. Especially regarding the offset of time taken in post processing vs. gain over shooting in jpg.
Although still new to me, I found the default, best quality jpg images from my D5000 to be rather flat and a little under exposed. Shooting RAW and doing my own processing is producing much more pleasing results, but is time consuming. Maybe this will improve as I become more adept at this task, maybe finding a set of presets I can apply in batch for a given set of shots, I'm not sure, still early days, but atm, the benefit of RAW over jpg is way more than 10% for me. Another thing I need to explore is that I'm sure the camera has jpg processing options that can be tweaked... maybe once I've played with those, the RAW+processing time vs jpg comparison could shift in favour of jpg, I'm not sure. For now, I'm shooting RAW only, doing my own processing, then exporting to a folder watched by MC. I think this will be the foundation of my image workflow.
Disk drives and memory cards are cheap. I wouldn't worry about shooting RAW due to size constraints. (Unless you're shooting an A900 or 5D mk II or the like...)
As to converters. There are those who like Silkypix. (Perverts, if you ask me) The Nikon software (Capture) is also very good. I wouldn't buy C1 just because I do not trust Phase One to update it in a timely manner. (Had like 4 free updates that I don't think I got and it took something like 4 years to get the ones that I did.) Bibble is supposed to be nice but I never cared for it. RAW Fidelity was supposed to be out (or at least in beta) around the middle of last year. Still no sign of that. DXO is only worthwhile if they support your lenses. Photoshop requires a brain rewiring if you're trying to work your way through a lot of images. (And then it is very fast.) Raw therepee is free.
Download all the demos and try them all. But make sure you load up a bunch of images and check out how fast you can cull the herd and do basic processing. Getting everything "just so" is going to take a while with any converter. How quickly you can identify keepers and bludgeon them into an approximate final form is a major part of how much you'll like a given converter.
If I stick with shooting RAW exclusively, I will be lobbying friends/family to club together for a lightroom 3 license for my birthday
I tagged an image file in MC with every keyword in the library and imported that into lightroom.
Working with the RAW files, applying keywords, then exporting to a folder watched by MC works well. MC imports the files, keywords and all, allowing me to take advantage of MC's vastly superior file management tools to place those exported files in their final resting places. They are then available for family consumption on the TV via theater view. Nice!
lightroom has an option that allows it to read MC's hierarchical keyword structure and replicate that in it's own keyword list, which is wonderful, or so I thought...
There is also an option to export the hierarchical keyword info when exporting, but however it does that, MC cannot interpret the information and so all the back slashes are converted to semi-colons, breaking the hierarchy in MC.
I've therefore turned off the hierarchical options in lightroom. It would be kind of cool if MC could read the hierarchical info written by lightroom
Took my camera out a couple of days last week and came back with a few reasonable shots that I popped onto pix01 -
http://pix01.com/1j@Pn6YThe dog is not mine, and was running when I took the shot... I didn't do a very good job of keeping it in frame, but still, it came out remarkably well, I thought!!
The shots of the bridges were taken at dusk in rapidly failing light. the blue ones were taken using the camera's built in night time setting.
All shot in RAW and processed in lightroom 3 beta.
-marko.