David, I am quite surprised to see such a curt dismissal of Adobe Photoshop CS5 in this piece as Adobe Photoshop CS5 is now one of the most powerful and flexible programs for 32-bit workflows, as I describe in great detail in my book, Practical HDRI, 2nd Edition, High Dynamic Range Imaging Using Photoshop CS5 and Other Tools. (available through B&H, and many other places ;) )
Not to take anything away from Photomatix or Nik's HDR Efex Pro, but Photoshop CS5 can do a number of things these programs simply cannot.
Honestly, for the "serious user" with a good degree of on-image local and global editing, CS5 is in a class of its own. You can search Google for: "youtube jack howard hdri" for a 60-minute screencast I've presented showcasing some of the unique strengths of Photoshop CS5 for HDRI for photographers.
As it stands, I think Mr. Cardinal did a very nice job in this article comparing Photomatix to HDR Efex, but I do think Mr. Cardinal owes it to himself to dig a bit deeper into the possibilities that Photoshop CS5 offers the HDR photographer for a follow-up piece if he thinks the HDR Toning command is the sum of CS5's potential for tone mapping 32-bit images.
Author of Practical HDRI, 2nd Edition
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