yea it does sound real nice. Hopefully because its MS, as as long as they offer easy support for all its current OS (and theres no licensing needed for 3rd party support unless your selling a product) it should get picked up pretty quick. Hell..I bet we could see new firmwares for popular existing cameras. you think?
Anyways, I also don't think its lost on those of us who still capture in jpeg. In superfine, the jpegs are highly uncompressed. Sure weve lost alot compare to raw, but its as if we just converted a dvd to divx using 6Mbits/sec. So I think the new jpeg format will still be usable for us to recompress our photos away from the 2-4 megs per photo it currently is.
