More than 8 years ago I bought a Nikon Coolpix 995 3.2 megapixel camera. It has served me well all these years but the size to quality ratio hasn't stacked up for years and I don't use it much. Meanwhile, my wife has had several generations of Canon Elphs with the latest being 4 years old and around 5 megapixels. Because if it's size and better quality, we take it with us (along with my iPhone 3GS which I use quite regularly). I know myself well enough to know that I won't use a DSLR regularly because of the size issue. I'd like to find the best all-around "advanced point-and-shoot" out there. Several years ago I was smitten with the Canon G9 and now we're at the G11. Part of the attraction was the quality of build and it's ability to shoot in RAW. Now I'm beginning to wonder just how important RAW is? For example, I was looking at the specs on the Sony Cyber-shot HX1 and except for the ability to shoot RAW, it seems amazing. The CMOS sensor is huge, optical zoom is massive, etc. This camera is going to be used for both indoor and outdoor shooting. The ability to shoot in low light is a must for getting good shots of the kids at home and during school programs in the auditorium. When I get a chance, I like shooting macro shots of flowers and plants. Price-wise, I want to stay under $500. So, what's you're opinion? Should I narrow my focus (no pun intended) to only cameras that can shoot RAW given my requirements? What's a good DSLR substitute for my needs?