DNG in Lightroom4.4 vs CR 2 in DPP
First, I ended up with twice the number of raw files, CR2 and dng, and they were eating up space on my systems. Second, I was not crazy about how the files looked when I imported the dng files into LR.
Yes, that was my experience also...
It may not have the range and flexibility of LR but a good case could be made that it is an excellent way to pre-process CR2 files into TIFFs would could then be used directly in LR4.
Thank you Mike, it looks I will do this way!