Quote: "243,200 x 16,777,216 = 4,080,218,931,200 (number of pixels if there was one of every colour)"
No, fallout is right, it'd be 243,200
to the power of around 16 million.
Say we take the first pixel and call it P1. P1 can have around 16mil different colours.
Then, for ever colour P1 can take, P2 can take another 16 million. so our picture looks like:
P1 = colour 1, P2 = colour 1
P1 = colour 1, P2 = colour 2
...
P1 = colour 1, P2 = colour 16,777,000
all the way until we get
P1 = colour 16mil, P2 = colour 16mil.
Now for (640*480) pixels the total number of different images would be
(640*480) ^ number of colours for each pixel.