Spoolin01, Thanks, don't usually post any of them. I hope you double clicked on them (and then once more) to see in the size I downloaded. Those tiny animals around the Chromis can then be seen.
Regarding raw, Osric has it dead on, Raw data contains information that is simply not there in a Jpeg. The difference can be quite amazing. In addition to white balance correction, typically there is at least one stop's worth of unseen information to the dark side and around 1/2 to the light side, allowing an image a little off to be corrected, no such information is present in a JPEG.
Note: One can also use this information to increase the dynamic range of the image, another thing that a JPEG cannot do.
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Regarding focus, well that spotted drum (or jacknife as they look the same at this age) was shot with a P&S, and that is one ADD fish. You can usually tell P&S images of fish, because there will not be any fast moving, nervous fish close ups.
The LX-5 I am currently using, for example, once focus and exposure is set is under .1 seconds, much faster than a human is. This is obviously not the case with a lot of other point and shoots.
Of note is that all the evil camera's are roughly the same speed, so using one of them over several high end point and shoots would not make a lot of difference.