Because the camera has a lower dynamic range, we can see problems when shooting up towards the sun, or when shooting fish/critters with white on them. Here are a couple of examples:

Notice how the "sunball" goes from deep blue to white in only a few tones. Part of that could be your monitor settings and video card, but part of it is the limited dynamic range of the camera's CCD.
Here's another:

Notice how the Amberjack's "chin" is blown out white.
Don't despair! Those shots were some of the first out of the camera, and they use Auto white balance and the camera's "stock" settings for contrast and such. This article discusses how to improve on the stock settings to return some highlights and dynamic range to your photos:
http://www.vincentbo...stogram_pix.asp
Credit goes to Vincent Bockaert for the excellent article.
Cheers
James Wiseman
