Photoreceptors carry out the first step in vision by capturing light and transducing it into electrical signals. Rod and cone photoreceptors efficiently translate photon capture into electrical signals by light activation of opsin-type photopigments. Until recently, the central dogma was that, for mammals, all phototransduction occurred in rods and cones. However, the recent discovery of a novel photoreceptor type in the inner retina has fundamentally challenged this view. These retinal ganglion cells are intrinsically photosensitive and mediate a broad range of physiological responses such as photoentrainment of the circadian clock, light regulation of sleep, pupillary light reflex, and light suppression of melatonin secretion. Intrinsically photosensitive retinal ganglion cells express melanopsin, a novel opsin-based signaling mechanism reminiscent of that found in invertebrate rhabdomeric photoreceptors. Melanopsin-expressing retinal ganglion cells convey environmental irradiance information directly to brain centers such as the hypothalamus, preoptic nucleus, and lateral geniculate nucleus. Initial studies suggested that these melanopsin-expressing photoreceptors were an anatomically and functionally homogeneous population. However, over the past decade or so, it has become apparent that these photoreceptors are distinguishable as individual subtypes on the basis of their morphology, molecular markers, functional properties, and efferent projections. These results have provided a novel classification scheme with five melanopsin photoreceptor subtypes in the mammalian retina, each presumably with differential input and output properties. In this review, we summarize the evidence for the structural and functional diversity of melanopsin photoreceptor subtypes and current controversies in the field.