Pros/cons? Based on what little I know:
.GIFs: load faster.
.JPGs: much smaller.
.BMPs: ? maybe better res in some cases, esp. over .GIFs.
As for .PNGs, .TIFFs, etc I have no idea why they exist other than they are formats that just haven't gone away yet. I have heard that .PNGs are better for "truer" screen snapshots etc but haven't noticed much diff.
.GIFs: load faster.
.JPGs: much smaller.
.BMPs: ? maybe better res in some cases, esp. over .GIFs.
As for .PNGs, .TIFFs, etc I have no idea why they exist other than they are formats that just haven't gone away yet. I have heard that .PNGs are better for "truer" screen snapshots etc but haven't noticed much diff.