This is going to be a real rookie question but bear with me. I've been playing with the various hacks and patches for my Panasonic GH2 camera, some of which enable bit rates as high as 176 mbps.
The thing is, I'm not at all sure what this really accomplishes. It hasn't reduced the noise on footage shot in low-light conditions (or with high ISO speeds). It doesn't seem to expand the color palette, and I can't see how it enables anything when I do color correction.
But every time I read reports on the use of these higher bitrates, people insist that the image looks more film-like.
Is there a good FAQ that explains, with videos or examples, what higher bit rates accomplish, and how I can exploit them? Or am I eating up storage space for no real gain?