I thought i would do a experiment
all done in dynamic photo hdri software (from the same people in the link Danny has provided )
1. one image opened then apply image applied with multiply selected as blend mode, and again with apply image and screen as blend mode ( making three images with the original ) then took into dynamic photo and i let the software "guess" the values ( I had read somewhere of someone doing this )
2. the same images as above used but this time i manualy put the values in of -1 for the multiply, 0 for the original, and +1 for the screen
3.Then i used just one image on it's own ( refered to as fake hdr)
In dynamic photo i used the same setting for all three (eye catching at the default settings) just for comparison other wise i would probably of tweeked them
for more comparison take a look here as i posted the outcome i made with 5 separate images (same subject) and took through the same software
http://www.retouchpro.com/forums/hdr...rying-out.html
I suppose it depends on the outcome you want and the image subject
perhaps someone would like to do a similar experiment using the merge to hdr function in cs3 or one of the other softwares ?
Palms