I agree with Richard regarding JPEGS and Sailor Blue regarding using Bridge.
Your PSD's on Dropbox do not look as sharp as your Raw files, but I think that's because of the photo viewer you captured them from. But I still don't understand why there would be a difference when viewing in PS.
Try this. Select a RAW file you haven't processed yet, one with a fair amount of detail (like one of your architectural images). Open it in ACR. Don't make any adjustments. Open it in PS. Save it as a PSD. Then open the same RAW file in ACR with no adjustments, then in PS. Leave it as a CR2 file. Do you see any differences? If so, upload the RAW file and the PSD file to Dropbox so we can have a look.
No differences between the CR2 file and PSD file at all checking them in PS at 100%.
I did though open the RAW, CR2 and JPEG files in the faststone photo viewer and once again the JPEG and PSD look nearly identical. The CR2 is much sharper. Eeek I had them lined up side by side and could easily see the difference. What am I doing wrong !
You're not doing anything wrong -- FastStone is probably just applying a greater degree of default sharpening to the RAW file than ACR . If the CR2 file and PSD files look the same in PS at 100% then you're all set.
UNLESS FastStone is merely extracting and displaying an embedded preview from the Raw file, and not making its own conversion and processing of the picture (this is a common method used by image browsers, as well as by the camera itself).
Such a preview will reflect the results of in-camera JPG settings e.g. sharpening and contrastiness.
Also depending on the JPG settings in the camera, an embedded preview may be made at a reduced resolution (fewer megapixels). That too can affect the perception of sharpness, on screen, in practice.
Richard, your explanation as to what is being observed is the right one (i.e. this is about file-viewers showing the camera-shot JPEG embedded to the RAW).
I looked using EXIFTool, Photoshop CC 2014, and FastStone (looking at image 2, and all of the CR2, PSD, and the JPEG crop of that).
The PSD and JPEG in the Dropbox to me look basically the same when opened into ACR and then through into Photoshop CC 2014. I did not replicate the exact ACR Sharpening and NR applied by the OP on opening the CR2 in ACR (I can read the actual values the OP used in ACR from the XMP in the PSD and JPEG - the processing was ACR8.7.1). In general though, there is only moderate sharpening applied as well as some NR on an ISO100 image.
The embedded JPEG from the camera in the CR2 RAW is Large size, Sharpness level 3 (on a Canon 5D mk III; I think that's default mid-range on a scale of 7, but sharpening is applied - it would be 0 if none).
Now we have FastStone in the mix - and FastStone is a file-viewer with a RAW developer built on. In general, I am a Mac user with a Win machine only on the side and therefore I am not a FastStone expert by a long way. I think however FastStone installs as a default file-viewer showing the embedded JPEG. Under that default setting, then the CR2 (i.e. the embedded JPEG in it) does indeed look sharper than the ACR/PS JPEG also in the Dropbox.
If I then switch FastStone to RAW mode (in the Settings menu or by pressing A when viewing an image in the default embedded JPEG mode), then because I am now viewing sensor data, I loose the sharpness. I can use FastStone's own Sharpness adjust (under the Colors menu) to adjust the Sharpness back (and up higher) to make it quite a bit more sharp than the JPEG or PSD which are ACR processed.
If I work in Photoshop with (something like) Nik Sharpener, then again I can sharpen up the PSD a lot more.
So, basically, having investigated, we are seeing what you say - i.e. this is a not-very sharply processed PSD (and JPEG save from that), being compared in file-viewer application(s) to an in-camera embedded JPEG in a .CR2 which has 3 (out of a scale of 7) Sharpness applied by the camera.
[ It's then another discussion and will slightly affect things when viewed side-by-side in non color-managed applications, but the PSD and JPEG saved from that are in aRGB, but the embedded JPEG in the CR2 is as per the camera's setting which was sRGB. ]
--
Mark W.
http://500px.com/Mark_Wycherley