It has always been RAW for me, right from my switch from film. The principle advantages are, in no particular order, ability to change colour space if required, far higher editing potential - including the fact that the editing choices are your own rather than what a softare engineer working for canon/nikon etc thought might be good, the ability to make a number of different treatments of an image from the original data, better colour depth, highlight and shadow recovery...
Jpeg is great when you know you have the image exactly as you will always want it, at a large enough image size, in the right colour space, for any output or application that you may wish to use the image in. So there is a place for it... (or, more seriously, if there are compelling reasons for making use of quicker write times and larger buffer capacity in camera, and quicker sending times over the wires.eg sports/news press photography)
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