A few weeks ago the Microsoft Research TechFest was on, and everyone feasted their eyes on some of the amazing technologies MSR had to show off. But there was one that didn't get mentioned, or at least I don't it did, otherwise I'd look rather foolish.
Anyhow, the technology is called “High Dynamic Range Image Hallucination” and is as good as hallucinations go. In a nutshell, if you like nuts, they can
recreate detail lost from low-dynamic range photographs to create high-dynamic range photographs.
The result? Over-exposure and under-exposure is simply a few brushstrokes to fix. This should appeal to photographs all the way from amatuer to professional, since everyone makes mistakes.
Here's a few screencaps.

Texture sample (left). Original image (middle). Original image with ‘Hallucination’ processing (right).

Original image (left). Original image under-exposed (middle). Original image under-exposed with ‘Hallucination’ processing (right).

Original image (left). Original image under-exposed (middle). Original image under-exposed with ‘Hallucination’ processing (right).
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