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Anonymous
IIRC, it's something like it can't read the data from the sensor quickly enough. The Nikon D3 goes at 9fps which means it takes about 1/9 a second to take and process a photo. Too slow to differentiate 1/1000 from 1/100 with the shutter still open because by the time it reads the data, it would have been exposed to 1/100. I also doubt P&S's are going to getting 9fps anytime soon.
It would be better to just manufacture sensors to have a high dynamic range just like film. For marketing it in the meantime, they could include a setting to darken highlights and brighten shadows in the RAW.
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