Leon
February 28 2008, 10:27 AM
Hey Pam!
No- you're not imagining things!

Raw files give you 4096 possible levels per channel.
JPEGs? A scant 256!
Next time you're in a Barnes & Noble, pick up and read the first chapter of Bruce Fraser's Real World Camera Raw for a seriously detailed description of what's going on inside that tiny little sensor.

Hope that helps!
-Leon