\documentclass[dvipsnames]{article}
\usepackage{xcolor}
\begin{document}
{\color{Blue}\bf Blue} versus {\color{blue}\bf blue}.
\end{document}

Why does one of them differ from the other one?
EDIT 1
- I still wonder why the color is distinguished by capitalization :-)
- Why did the package author choose
dvipsnamesas the option name? I think this name potentially makes us obtain a wrong impression from it that is usually used to describe the driver? In fact bothpdflatexandlatexcan use it, right?
Bluevs.blueanddvipsnamesare arbitrary (wrong) choices without any practical reason. However, this isn't TeX but color science... Nobody prints in RGB, and there is no such a thing as colors "more fit for human consumption". There is Pantone in printing, etc... – Karl Karlsson Jun 15 '11 at 17:46