Thanks, that color space overlay reminded me of what AdobeRGB was originally designed for - encompassing the printable CMYK color gamut of paper stock in an RGB system. So if you're planning on outputting your JPEG photos to a photocolor printer, AdobeRGB is likely a better choice than sRGB. (Though of course, RAW data processing is better than either.)...you can tell by [the sRGB triangle's] size (without having to read about it's specific history to find out why HP and MS designed it...) that it was intended for 8-bit devices.
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As for why people have seen in-camera differences between AdobeRGB and sRGB photos, I suspect that switching the color space changes the relative amount of exposure in bright and dim areas of a photo. The dynamic range of the GH1's sensor is so limited that its ability to capture image detail is highly sensitive to exposure level. I don't think this gives either AdobeRGB or sRGB an inherent advantage - it just makes it difficult to create exposure-matched comparison photos.
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