I was amazed to see this too.
Have a look at these sites if you dont' believe me:
http://www.wrotniak.net/photo/dof/
http://www.cs.mtu.edu/... .../User-Guide/990/EXPOSURE/EV-depth-of-field.html
http://www.geocities.com/hapm/dof.html .
http://www.luminous-landscape.com/dof.htm
Isn't that nutz??? That means that a pic shot at f2.8 on my coolpix will have roughly the same DOF as one shot at f16 on my Nikonos...
As an underwater photographer, I look at this as a DISTINCT ADVANTAGE over film.
This finally explains to me why my coolpix in automatic mode selects such low f-stops when shooting underwater with a strobe. I think the camera's firmware is hardwired to select low stop-high speed over high stop - low speed. That's why I have to shoot in manual mode w/ the external strobe.
Cheers
James
[Edited on 12-28-2001 by jamesw]