I shoot almost exclusively in RAW, but if I was doing serious volume I'd shoot in both RAW and JPEG: the former for long term archival (and possible recovery from potential stuffups), the latter for quick
turnaround...
Memory and storage is cheap these days. I recently purchased two Sandisk Extreme 8GB CF cards for less than a single Ultra II 512MB one cost me 3 years ago!
For myself probably the most important advantage with RAW is that white balance can be changed after the shot. If you're in an unusual situation then JPEG leaves very little room to make major corrections to the colour balance, before you run into ugly posterization problems.
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