er... simple fact about these stuffs...
Adobe RGB has a wider, or you can put it "hidden" color range. Colors may looked pale when u see it on monitor. Thus its meant for more advanced editing. But mess up the colors then you'll have to start over again, so careful tweaking is needed.
Its the opposite for sRGB. Has so so color range, easy during editing but you wont get the most out of your photos. Colors are "richer" on the surface for sRGB, but you wont get the most out of it.
I use Adobe RGB, then convert them with a ProPhotoRGB profile in Lightroom. Because ProPhotoRGB gives me the best almost accurate colors when i print them out. And if I want to post the photos online. I'll just convert the color profile to sRGB using photoshop once I edited everything.
Things you must know when before you do editing. CALIBRATE your monitor. Spend a few hundred on calibrating hardwares like the Spider2express or newer versions. There's a good calibrating hardware like the Huey Pro too. Cost alot more than the Spider2express. Once you finished calibrating your computer, you get more accurate colors.
Note that the internet uses sRGB, so if you post a photo online with a AdobeRGB as the color profile. Then you'll face risk of losing the colors. Here's an example:
So basicly:
#1: if you want to get the most out of your photos. Use AdobeRGB. It may look pale on your screen, but after a few adjustments, the colors are superb.
#2: Stick to sRGB if you rarely edit your photos, or you just do basic editing like levels and curves.
#3: Invest in a calibrating hardware. It comes with its own software so you can do easy step by steps on monitor calibration.
#4: Don't ask me about ProPhotoRGB. All i know that it has the widest color range known(for me). And the color quality of the print it produced is almost what i see on my monitor.
#5: Remember, if you wanna post your photos online and you're using the AdobeRGB profile. You can change them via photoshop. Go to
Edit > Convert to Profile > Under "destination space" > select sRGB IEC 61966-2.1. Then save your photos. Then post them.
Hope this little info helps.

WoW!!! HUGE BIG DIFFERENCE!!! THANKS... I HAVE LEARNT SOMETHING NEW TODAY.... I always thought it's the same... hahaa....