Picture Quality / Size Options
In a Titanic blow for common sense, Leica implemented the M8 with the DNG format, an open-standard form of RAW file. The hope is that as DNG is broadly adopted, it will be less likely to become obsolete than proprietary RAW formats. The M8 also shoots JPEGs, and offers two levels of compression. The DNG files are 3916 x 2634 pixels. The JPEGs can be shot at 3936 x 2630, 2952 x 1972, 1968 x 1315 or 1312 x 876 pixels. Who's going to shoot 1-megapixel files with a $5000 camera? Apparently, we lack imagination, because we can't think of anyone.
Picture Effects Mode
The M8 records in sRGB, Adobe RGB or ECI RGB. Color spaces are not color effects, but they are as close as the M8 comes. Or wants to.