What is the difference between ice cream and gelato?

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I love the artful scoops of gourmet Italian gelato as much as my supermarket variety Breyer's vanilla (with the telltale specks of bean!). Gelato may translate to "ice cream" in English, but they are decidedly different from one another. What is the major difference and which do you prefer?
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Answers
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Great Question. The milk-to-cream ratio in Gelato is much higher than in ice cream. Also, ice cream is served frozen and gelato is not.
I personally prefer gelato because it has a lower fat content than ice cream, making the flavors more strongly emerge.
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Gelato tends to be richer, but it actually has less milk fat and less air folded into the custard. I prefer gelato, but I can't figure out how to create the right texture with my Cuisinart ice cream maker!
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Less air = why gelato is also more expensive.
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