There are two types of JPEG's available with the FZ28, Standard or Fine. They both produce nice quality images, the difference being the Standard files employ a higher amount of file compression, meaning, more information is thrown out in an effort to make the files smaller and give you more images per card,but the more information you throw out, the less chance to have to make fine adjustments to files in post processing.
In their infinite wisdom

http://gmchappell.smugmug.com/galler...3_ezgxR#P-1-15
In each case, I have the two identical files next to one another. In some cases, once in the RAW converter I decided to use SHADE or CLOUDY vs. Average White Balance...this is the difference in coloration you'll see in looking at these files.
These are all uploaded at their full, original sizes and I have made them all available for download for those who would like to look at both files closer, or who would like to have a shot at post processing the in-camera JPEG's.
What I have noted in looking at these is, at lower sensitivities of ISO 100 or 200, in most cases there's little difference in the file quality. In other cases, where I cut down on the exposure to prevent clipping highlights, I was able to go back in the RAW converter and bring lots of detail back, the main example of thisas of tonight is this file, first the in-camera JPEG..

I opened the RAW file in Silkypix and, using the tone curve adjustment, was able to obtainthis result..

I have made no attempt as of right now in trying to adjust the in-camera JPEG, so I'm not sure what's *there" tobring out fromthe shadows and how much was "thrown out" when the file was compressed. If you want to give it a try and compare it to the JPEGI obtainedfrom the RAW file, they all there to whoever would like to try.
I've also just picked up the adaptor tube DMW-LA3 for two things...to use a Raynox 150 closeup lens I already owned and to try the Olympus TCON-17, which I also already owned and used with my FZ50. The TCON-17 isa 1.7x teleconversion lensthat converts the 469mm tele end of the FZ28 into a 797mm f4.4 super, super telephoto!