Haven't found the burning question in the Developer Note, but Apple did say something in a technote...
Developer Notes ...
iMac_0609_SuperDrive Developer Note
iMac_0609_Combo Drive Developer Note
RAM Expansion Developer Notes Updated
iMac (Late 2006): Memory Specifications
Note: If you do install a 2 GB SO-DIMM in both the bottom and top memory slots of the computer, the About This Mac window and Apple System Profiler will both show that you have 4 GB of SDRAM installed. However, Activity Monitor and other similar applications will reveal that only 3 GB of SDRAM has been addressed for use by the computer.
Developer Notes ...
iMac_0609_SuperDrive Developer Note
iMac_0609_Combo Drive Developer Note
RAM Expansion Developer Notes Updated