I shoot raw and use Adobe Camera RAW to process them from within CS2. As for the RAW vs JPG debate, I shoot raw because the halls I race at are so dark I sometimes push the ISO so I need to lift the photos a bit a 16bit raw file gives you a lot more colour information to do this without posterisation.
I do shoot RAW+small JPEG though and for web previews I quite often just use the jpeg file, unless im going to print the RAW file often isnt used.
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