I am thinking about creating a database system for images where they are stored with compact signatures and then matched against a \"query image\" that could be a resized, c
If you want to do a feature detection driven model, you could perhaps take the singular value decomposition of the images (you'd probably have to do a SVD for each color) and use the first few columns of the U and V matrices along with the corresponding singular values to judge how similar the images are.
Very similar to the SVD method is one called principle component analysis which I think will be easier to use to compare between images. The PCA method is pretty close to just taking the SVD and getting rid of the singular values by factoring them into the U and V matrices. If you follow the PCA path, you might also want to look into correspondence analysis. By the way, the PCA method was a common method used in the Netflix Prize for extracting features.