What exactly is the new Nikon sRAW file format?

Image credit: WEX Photographic

The D4s was the first Nikon camera to support the new sRAW format (aka NEF RAW size S file format) and the rumored D800/D800E replacement is also expected to have it. In the latest [NR] blog’s discussions there were some confusion on what exactly sRAW is. Here are some interesting findings on the new Nikon sRAW format from rawdigger.com (there is much more detailed technical information on their website):