JPEG doesn't "bake those in" any more than TIFF, DNG or RAW. Once you have the image and you begin to process the image, ALL the data is just as malleable and useful as anything RAW gives you. Hell, JPEG even borrows a page out of TIFF and records a lot of that in the EXIF metadata. RAW isn't a format. It's just a proprietary aperture dump. Putting it into a 100% quality JPEG with EXIF metadata would record most of the same information (ALL of the info, if you use the MakerNote tag in the EXIF metadata) with pretty decent quality and it would at least work everywhere. To that end, unless I'm still missing something, I don't see the utility of the RAW dump. Mind you, we're also still only talking about a 5MP cell phone camera, too.