Demonstration of the fact that the so-called low noise of Fuji compacts at high ISO is mainly software noise reduction. This is what a RAW from the s6500fd, which uses the 6MP fuji P&S sensor used in the f31. Standard whitepoint, WB'ing, 2.2 gamma, and 1.6x saturation applied in IRIS. 100% crop of pixels at 45 degree angle.