Better Latitude than film

[after_effects]

The only down sides I see are huge file sizes.

All in all I think I would trade the latitude of an S5 for sharpness and low light quality of a full framed chip like a 5D. (or whatever they call it).

The photographer I shoot with has a 5D and I can say from comparing our images of the same scene and ISO, that the sharpness and high iso noise varies very little. If you zoom in all the way later in Photoshop you can tell, but for practical printing of 8X10 or slightly larger images, you cant tell. The biggest difference besides the latitude, is the slightly better DOF that he gets from the 5D sensor.

Latitude I find very handy for the work I do. If I have an area that is over exposed, I can duplicate the layer, lower the exposure, then brush in the detail.