Unlock RAW (and More) on Low-End Canon Cameras
has an intriguing post up about replacing the firmware on low-end Canon cameras that share the "DIGIC II" image processing chip with Canon's higher-end DSLRs with the "CHDK" software that unlocks the RAW format (as well as other high-end features). There are definitely limitations—you have to reload the firmware each time, or "lock" the firmware to an SD card—but considering how much more after-the-fact flexibility shooting in RAW allows, it might be worth dinking around with it.
Of course, the most important part of a camera is the lens, so you won't be out-shooting DSLR cameras.
How to give your low-end Canon digital camera RAW support
[Linux.com via Compiler
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