This can be demonstrated on the additional demos page, under "Output Formatting".
Black:
- Open the color picker
- Set a Hue and Saturation other than 0, but leave Value at 0
- Pick that color
- Reopen the color picker
On reopening the colorpicker, the hue and saturation are back to 0. Compare to the same steps except set Value to 1 (or a value close to but greater than 0).
White:
- Open the color picker
- Set the Hue to something other than 0, set Value to 100 and Saturation to 0
- Pick that color
- Reopen the color picker
On reopening the colorpicker, the hue is back to 0. Compare to the same steps except set Value to 99 instead of 100, or Saturation to 1 instead of 0.
This behavior makes sense when the output is purely rgb (including hex), because rgb(0,0,0) and rgb(1.0,1.0,1.0) have no hue. But when the output is hsv this does not make sense any more.