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I shoot in RAW and keep every shot I've ever taken. I shoot mostly in single shot mode so this adds up to 1.5 to 2 TB total for the last 10 years of digital files. How much does a 2 TB HDD cost these days? Certainly less than $100 so I feel little compulsion to delete to save space. Right now I store files in several offline external drives, but as I recently set up a NAS system at home I'm getting around to transferring it all there.
Where I'm selective is in RAW conversion. I convert maybe 1 in 10 of my RAWs (and still use DPP, though all the Lightroomers around here will probably laugh) and save the resultant 16 bit TIFFs as well. Most of these get PP'd down into some final JPG form and again saved, but only again maybe 1 in 10 of these get displayed for external consumption.
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