RAW has the huge advantage that you can fiddle around with it a lot more than jpeg, which is great *if* you like fiddling around with pictures, trying to get the best out of them. It is, however, slower for the camera to capture, and slower to go to final print -- if you need to shoot lots of images really quickly, then it can be a bit of a pain.
The biggest advantage is that you have more flexibility with exposure in post-processing, and can partially recover a lot more shadow or highlight detail than you can when shooting jpeg.
About the best information I've seen (if you like technical, and Photoshop oriented) is at:
http://www.ronbigelow.com/articles/articles.htm
It's also worth remembering that the camera applies automatic sharpening to jpeg images, and not to RAW, so the RAW tend to look much softer, until you manually sharpen them.
Good luck!