I stand corrected. The engineers at Sony have given me exactly what I want in order to make perfect out-of-camera, black and white jpegs. I can control the tone curves in the highlights and shadows, as well as controlling the panchromatic color response of the system. Just like using the filter presets in other brands of cameras but with a much more profound level of control and customization. Too bad their marketing people seem hellbent on keeping this advanced level of performance a closely guarded secret....
Backing up for a moment. I had recently written bemoaning the idea that Sony lagged behind other brands (and especially Fuji and Olympus) when it comes to providing a great experience when shooting black and white in camera. Almost all cameras now have a monochrome or black and white setting among their creative settings. Fuji seems to lead in this feature set by having not only color filter emulations but also presets for some of their most popular black and white films. When I dive into the Creative Style menu of the Sony cameras I find only the basic setting and controls for only sharpening and contrast. It's a very limiting feature set and the results are