Why your Web content will look darker on Snow Leopard

γ is mainly a way to align the metric in our color space with human perception: humans adapt to varying light levels, even in small areas of the visual field, and our judgment of color differences is relative (i.e. relative to magnitude, logarithmic) rather than absolute (linear).

Any operation that requires interpolating between arbitrary colors (e.g. image rotation, scaling, or compositing with transparency) will have errors introduced by any γ ≠ 1.0, so careful image processing applications should convert to γ = 1.0, perform whatever operation, and convert back, but in practice none of them do, because with sufficient pixels, especially if they're mostly opaque, users don’t know they should care.

But storing colors in 8-bit color with γ = 1.0 would be a disaster, because we’d be devoting half of our storage space to the very bright colors, while leaving the dark colors only a few levels of distinction: the darks would end up extremely noisy.

Incidentally, this last is the reason that digital cameras, even though they collect 10 or 12 bits per channel of data, end up with noise in the blacks: cameras gather photons and store them linearly, meaning that the light parts of the image are silky smooth because we can make many fine color distinctions, but not the darks. Hence the general advice to “expose right.”

Soon enough, we’ll just be storing and manipulating images in γ = 1.0 floating point, and thereby get the best of both worlds: operations are technically linear, but the encoding space is assigned logarithmically.