As a hobbyist, most DSLR users cannot afford an expensive wide gamut monitor (1.1 Billion colors - 32 bit). Most wide gamut monitors have in-built sensors that constantly adjusts the colors to provide the highest fidelity (color temperature, gamma, brightness and contrast correction). The Spyder 3 elite does this for inexpensive monitors that do not come equipped with such sensors.
If you are using a dual monitor setup, it can help you match the colors across multiple monitors so your pictures look the same when you drag it across the monitors or pass images across different computers in a studio environment.
The Spyder 3 Elite also has an ambient light sensor that corrects the colors on the screen to appear consistent with change in ambient light.
It can also be used to calibrate monitors and printers to reproduce colors to match closely.
I have all of the original packaging - CD, Quick Start Guide, Spyder 3 Elite, Desktop Cradle, Warranty info.
This product works on windows and Mac according to the manufacturer - http://goto.datacolor.com/downloads/Spyder3Elite
For more details check out this amazon link of the same product - http://amzn.to/1K2lC65

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