I think EDR just gives you a bit more room on each end of the  
histogram. It will record slightly more shadow detail and slightly  
more highlight detail. Accurate metering is obviously an advantage  
regardless of the dynamic range. I use EDR all the time. I haven't  
done any real comparisons, but I'm pleased with the results.
Paul

-----

Since posting the same message over at dpreview I learned that expanded dynamic 
range only works with jpegs. See here:

http://www.dpreview.com/reviews/pentaxk200d/page17.asp

I have had my K20D set to edr. But I shoot only RAW, so I guess I will change 
it back. All this time I was not aware that the camera was doing nothing but 
taking away ISO 100. I wish the manual had explained this better.

Joe



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