Originally posted by beholder3 And all four produce very similar results (for the minority who care about results).
And I think this is exactly the point. Differences at this point are pretty much negligible. You get greater differences if you use good settings/techniques (vs bad or automatic), if you use better PP programs and techniques. Sure, there are some differences between different sensors, but these are getting more and more narrow; until you start comparing them to Foveon or something exotic like that.
If one looks at a raw file with zero modifications, no NR, no sharpening, no added contrast (all of which get applied automatically by most PP).. then the file looks boring. It doesn't look like what the photographer saw. It doesn't look like what the audience wants to see.
I remember reading an article that claimed that it is very smart to use an algorithm that applies NR and compresses data at the same time, as you lost practically no detail, but the image looks much better, and is far easier to store. This article even argued to use a lower bit rate, since most extra bits only contain noise. Only "expand" to 16bit once you are on computer and starting to do PP. I don't know how correct this article is, but it certainly raised some good points