Originally posted by joefru Another beat-it-to-death post.
I love DNG. When Adobe unveiled the format, I was jumping for joy, even though I had never owned a dSLR. Despite the fact that the DNG hasn't gained much traction from camera manufacturers, it's still a much better format (IMHO) than PEF because it's OPEN. In a hundred years, DNG files will still be viewable because the specification is available to anyone.
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If anyone has a counter argument for me, please present it.
DNG is only partly open. Most notably, it still allows manufacturers to have their own specific secret sections. DNG-reading software still needs to be updated to properly deal with new camera models.
Meanwhile, PEF files have been documented and/or reverse engineered to the point that they can be read perfectly well by open source software, so practically speaking they are viewable by anyone and will be in a hundred years too.
So basically, the answer is: there's no practical difference except that DNG is not compressed in-camera and PEF is, making the former take up more space but be faster.