I distinctly remember looking at this image on the rear LCD after taking it, and I really wasn't impressed at what I saw. After taht I didn't bother and just snapped happily away thinking that the camera was going to get returned anyway. There's been a lot written about not doing this as people tend to delete images after seeing them on the LCD. Well, if I lerned anything on this outing it was how right those people were. What you see on the LCD is the jpg image embedded in the raw file. It then shows you the jpg settings that you set in the camera. It has nothing whatsoever to do with the raw file.
Just look at the dynamic range within the image above. I have seen nothing like it from any other camera, or, I haven't had the correct cameras in my possesion.