That's just one kind of distortion you'll see. There will also be bad pixels, lens shading, excessive noise in low light, various electrical differences across rows and temperatures that need to be compensated... Some (most?) sensors will even correct some of these for you already before handing you "raw" data.

Raw formats usually carry "Bayer-filtered linear (well, almost linear) light in device-specific color space", not necessarily "raw unprocessed readings from the sensor array", although some vendors move it slightly more towards the latter than others.