I want to convert an image from color to B/W (i.e. no grayscale, just black and white). Does anyone have a good colormatrix to achieve this?
If you want it to look halfway decent, you'll probably want to apply some form of dithering.
Here's a full discussion, if a bit dated:
http://www.efg2.com/Lab/Library/ImageProcessing/DHALF.TXT