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Recently i purchased Canon PowerShot S3-IS. Its a good camera but lacks raw picture format support in it. But now i find a way to get the raw support in my camera. CHDK Firmware is now available for some Canon P&S digital cameras. This firmware hack supports the following features:
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If you have a point-and-click digital camera made by Canon, you may be able to turn on all sorts of features usually reserved for more expensive SLRs. That includes live histograms, depth-of-field calculation, under and overexposure highlighting, and -- best of all -- shooting your pictures in RAW. The secret is CHDK, an enhanced, free software replacement firmware.

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