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Correct me if I'm wrong, but a bitmap is very capable of 24-bit color, and so is jpeg...
I'm not sure as to why IE won't let me save it as a .jpg as well... Save as .gif? Sure! Save as .bmp? Sure! Save as .jpg? No frejoles...
Anyway, my best guess would be that it was a licensing issue... but even that guess may be wrong. Although, this is a good question, and I will be awaiting, as you are, for the answer.
David
EDIT: You could always save it as a .bmp, then convert it to jpeg...
bmp would be better quality, although bigger file size. The jpeg format pixelates and distorts quite a bit compared to most other image file formats.
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-David
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