I also think it is a shame, this business of not having RAW capability in more recent digicam models. Particularly when older models had it. At least from Canon offerings, I think that the reason is purely profit related; if you want RAW, you need to get a DSLR.
The DSLR market is where the big profit margins currently are; think lenses, extras, and so on. That is why Sony, Samsung, and Panasonic are making aggressive entries in this market. There are big profits to be made.
A few niche cameras, like the Ricoh GRD and Panasonic Lumix LX1 (and soon to be LX2), still offer RAW, which is great. A couple of offerings from Fuji also feature RAW mode. And that is about it.
But what is clear is that the big contenders in the DSLR arena (Canon and Nikon) have dropped RAW from their digicam line-up. Of course, one other reason, is that only a small fraction of digicam buyers actually use RAW; the vast majority of digicam buyers want simply a P&S to print directly, without spending time in the computer with RAW conversion and image editing. This is why I now have a Ricoh GRD and a Canon SD700IS. Horses for courses!
Of course the market is so volatile, and trends are no more than that, trends; I am still hoping for a camera that combines several good things under one package. Who knows, maybe the successor of the S80 (must be around corner, if one trusts the one year replacement cycle) will have RAW again?