Cannot set the 32 bit colour depth.
If i go in nvidia-settings there is a dropdown list with highest option available 24 bits. If i choose any other lower option there is no change.
Here is the part of yum installer log concerning installation of the driver
Sep 24 01:10:50 Updated: xorg-x11-drv-evdev-2.6.0-4.fc15.x86_64
Sep 24 01:10:50 Updated: xorg-x11-drv-wacom-0.11.1-1.fc15.x86_64
Sep 24 01:10:51 Updated: xorg-x11-drv-ati-6.14.1-2.20110525gitfe5c42f51.fc15.x86_64
Sep 24 01:10:51 Updated: xorg-x11-drv-intel-2.15.0-5.fc15.x86_64
Sep 24 01:10:52 Updated: xorg-x11-server-Xephyr-1.10.4-1.fc15.x86_64
Sep 24 01:10:54 Updated: mesa-dri-drivers-7.11-1.fc15.x86_64
Sep 24 01:12:43 Erased: fedora-release-rawhide
Sep 24 01:18:14 Installed: firefox-6.0.2-1.fc15.x86_64
Sep 24 01:23:29 Installed: nvidia-settings-1.0-11.fc15.x86_64
Sep 24 01:23:29 Installed: nvidia-xconfig-1.0-9.fc15.x86_64
Sep 24 01:23:30 Installed: libvdpau-0.4.1-4.fc15.x86_64
Sep 24 01:23:36 Installed: 1:kmod-nvidia-2.6.40.4-5.fc15.x86_64-280.13-2.fc15.2.x86_64
Sep 24 01:23:38 Installed: 1:xorg-x11-drv-nvidia-280.13-1.fc15.x86_64
Sep 24 01:23:42 Installed: 1:xorg-x11-drv-nvidia-libs-280.13-1.fc15.x86_64
Sep 24 01:23:42 Installed: 1:kmod-nvidia-280.13-2.fc15.2.x86_64
Sep 24 09:25:50 Updated: rpmfusion-free-release-15-1.noarch
Sep 24 09:25:51 Updated: rpmfusion-nonfree-release-15-1.noarch
Sep 24 09:35:36 Installed: lshw-B.02.15-2.fc15.x86_64
Here is a description of my hw listed wiht lshw.
H/W path Device Class Description
===============================================
system MS-7309 (To Be Filled By O.E.M.)
/0 bus K9N6PGM2-V2 (MS-7309)
/0/0 memory 64KiB BIOS
/0/3 processor AMD Athlon(tm) Dual Core Processor 4450e
/0/3/5 memory 256KiB L1 cache
/0/3/6 memory 1MiB L2 cache
/0/26 memory 2GiB System Memory
/0/26/0 memory 1GiB DIMM DDR2 Synchronous 400 MHz (2.5 ns)
/0/26/1 memory 1GiB DIMM DDR2 Synchronous 400 MHz (2.5 ns)
/0/4 memory RAM memory
/0/1 bridge MCP61 LPC Bridge
/0/1.1 bus MCP61 SMBus
/0/1.2 memory RAM memory
/0/2 bus MCP61 USB Controller
/0/2.1 bus MCP61 USB Controller
/0/100 bridge MCP61 PCI bridge
/0/5 multimedia MCP61 High Definition Audio
/0/7 eth0 bridge MCP61 Ethernet
/0/8 scsi0 storage MCP61 SATA Controller
/0/8/0 /dev/sda disk 640GB Hitachi HDT72106
/0/8/1 /dev/cdrom disk DVD-RW DVR-218L
/0/8.1 storage MCP61 SATA Controller
/0/9 bridge MCP61 PCI Express bridge
/0/b bridge MCP61 PCI Express bridge
/0/c bridge MCP61 PCI Express bridge
/0/d display C61 [GeForce 6150SE nForce 430]
/0/101 bridge K8 [Athlon64/Opteron] HyperTransport Technology Configuration
/0/102 bridge K8 [Athlon64/Opteron] Address Map
/0/103 bridge K8 [Athlon64/Opteron] DRAM Controller
/0/104 bridge K8 [Athlon64/Opteron] Miscellaneous Control
also
00:0d.0 VGA compatible controller: nVidia Corporation C61 [GeForce 6150SE nForce 430] (rev a2) (prog-if 00 [VGA controller])
Subsystem: nVidia Corporation Device cb84
Flags: bus master, 66MHz, fast devsel, latency 0, IRQ 21
Memory at de000000 (32-bit, non-prefetchable) [size=16M]
Memory at c0000000 (64-bit, prefetchable) [size=256M]
Memory at dd000000 (64-bit, non-prefetchable) [size=16M]
[virtual] Expansion ROM at dff40000 [disabled] [size=128K]
Capabilities: [48] Power Management version 2
Capabilities: [50] MSI: Enable- Count=1/1 Maskable- 64bit+
Kernel driver in use: nvidia
Kernel modules: nvidia, nouveau, nvidiafb
---------- Post added at 01:45 PM ---------- Previous post was at 10:28 AM ----------
Problem solved. Can't believe this. My monitor only goes so far... 16.7m = 24 bit. Driver smart enough to know this. Good job nvidia! Didn't pay attention when i bought it... I should have cause the price...

ACER X233H
General Features:
Color: Black
Screen Size: 23-inch
Aspect Ratio: 16:9
Maximum Resolution: 1920 x 1080
Response Time: 5 ms
Brightness: 300 cd/m2
Contrast Ratio: 40,000:1 (Dynamic)
Pixel Dot Pitch: 0.265 mm
Colors Supported: 16.7 Million
Viewing Angles: 160° (H), 160° (V)
HDCP support
Tilt: -5 - 15°
Wall-mountable: 4-inch x 4-inch (100 mm x 100 mm)