I hate that my first post in so long is just a re-post but this is such a good article.
I personally see RAW as the digital equivalent to a film negative. It needs to be developed but you can do so much with it when you do develop it.
JPEG is like a Polaroid. It comes out ready to use but you’re at the mercy of the camera’s developing process for the final result.
Off topic: If you still have the ever rare Polaroid camera, don’t shake it as “Outkast” suggests. Shaking never caused a Polaroid to develop faster, it just smears the developing fluid giving you a soft unsharp picture. Also rubbing the surface while developing smears the fluid and development.
Although purposeful smearing can make a great artistic effect.