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Think about a DVD and shooting on film. Does the resolution and dynamic range of film make a difference once it's mastered as a DVD? After all a miniDV camera delivers the same quality ... ;D
I see what you're saying. Oversampling is always a good thing (nyquist and all that for instance)
I just think with dynamic range its really subdued.
Its really hard for me to tell between the D800 & mKII for instance.
thanks for answering.
If everything ends up as 8-bit distributed media (8 stops dynamic range), what are the benefits of ~14 stops of dynamic range in the D800.
How is the extra dynamic range seen. I mean video in particular (H.264 Hi profile) but i think jpeg is usually 8-bit also.

In log color space and 8 bits, you have 256 values of brightness to distribute among the number of steps of DR that you have. If there are too few brightness values per stop, once you grade the image you'll see banding and posterization, noise and codec issues will be a lot more obvious, etc.
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You can fit much more than 8 stop in a 8 bit codec but 13/14 is a bit of a stretch and 12 perhaps is the limit as with the Canon C300.