Old question, I know, but I answer them when I'm bored.
The reason that the image looks all black is because that's what it is. The color content is a uniform black field. The object content of the image is defined only by the alpha channel. There isn't any reason to suspect that transparent image regions are any particular color.
It's worth noting that this might not always seem to be the case. Consider a modified version of the same image. In this case, the color channels are a uniform purple field. The alpha channel is the same as before. I've scaled the image to make it easier to see. What happens if you try to just load the color content? You should get a uniform purple field, right?
A = imread('icon.png');
imshow(A)
Nope. This doesn't mean that the color content is black and purple. There is no black in the image, but when called with this syntax, imread() internally composes the transparent image with a black field, resulting in this. It may be a convenience, but it's inflexible and misleading, so pay attention. If your images have alpha content, you must call imread with three output arguments in order to get unadulterated color content for the image, even if you don't need to use the alpha for anything.
