Like mentioned I am not sure if this a bug or not so I will describe what is happening and if anyone can shed any light on the matter.
Example:
Create an image with any transparancy the size of a title screen ( e.g. 380 x570 , to cover device screen ) I tried 70% - 30%.
Load the image into the simulator, it will display considerably darker.
Question is why ?
The device background is black as standard isnt it ? so placing a .png with transparancy should be ok.