>There is a difference between "captured" and >"displayed" dynamic range. >According to DxO, the D200 has a DR=11.5 stops and the D700 a >DR=12.2 stops at base iso. This means in both cases the >"raw file" contains more information than most >monitors are able to display. In PP you can recover some of >the not displayed data, about 2/3 stops more in the case of >the D700. > >If you are interested in a lot more detail, you might want to >have a look in: >www.cambridgeincolour.com/tutorials/dynamic-range.htm
Ironically when I posted recently quoting the same information with respect to DxO I was informed that it was the only source that quoted 12.2 stops and Thom Hogan was reporting 9 stops. Seems the jury is out on this.