CHDK - DNG (RAW) files + My Colors & other effects

I have found an advantage of CHDK that I haven't seen mentioned elsewhere.
When shooting with my S95 in RAW+JPEG mode, I can't set "my colors" or dynamics range correction (and probably other stuff).
This can be bypassed by shooting in JPEG only + enabling RAW in CHDK. This will save a DNG file with the data captured by the sensor and still process the JPEG's with "my colors" / dynamics range correction.
I also read that DNG is better than CR2 because it's a universal RAW format.

Is there anything that I'm missing by using the DNG format instead of the CR2 format?