Yeah I've tried it with using one RAW file and making 3 or more jpg's -one a stop down, and one a stop above...This is not at a very high quality here (like saved at a 7)so it looks a little soft
In this one it seemed to work...got the lows up. I've heard some say there's a 1/2 stop to a stop of DR headroom in most RAW files...so it helps if you can use that, as well as get detail in the lows...but unlike pinemikey's great example (and all the others too), many times I've found that for me HDR makes the colors look "thin" like on a 50's postcard. I think a lot depend on the photo...etc.etc. I think you can only compress so much from the ends without crowding something out of the middle. I've goofed around with ARGB and prophoto rgb and it seems although these are wide gamut...especially prophoto, because of this when you convert them to srgb which isn't so wide...something gets lost. I remember when radio stations first started playing CD playlists (dating myself here)
a lot of people thought the sound was "thin" I think in many instances it seems to me that unless very careful HDR can amplify this...but it sure is fun to goof around with...and time consuming. I think it would work better for me doing it with bracketed exposure...but it does seem to get a little more dynamic range this way, and pulls detail out of the darks, without the halos that the "shadow and highlights" do in photoshop.