There are very few instances in which manually managing memory in C++ is justified. When you have `unique_ptr`, `shared_ptr`, and all sorts of container classes, it simply doesn't come up in most cases. If you see operator new being used you should be suspicious.
Please correct me if I am wrong, but RAII isn't flexible enough to allow for lazy initialization. the various STL pointer types (std::shared_ptr etc..) are great, but they do incur overhead, and sometimes that is not acceptable in e.g. embedded systems.