however you can use it also only to bring together your multiple exposures to 32bit files and afterwards compress these 32bit files to 16bit files using curve settings in photoshop.
I'd like to add that from a programming perspective (I do CIS type stuff for a living), this is the best method of all. Each time you touch the original data, you add in an ever increasing and usually exponential amount of degradation.
Mix with no modifications, *then* toss it into the program of your choice to clean and adjust it.
Tfuse does look like a wonderful app. Also note the focus merge function. Often you have a great shot but the depth of field is impossible with your lens. I don't know how many DSLRs have bracketed focus(some apparently do, but not many it seems), but if your does, you have an amazing tool at your disposal that is potentially even more useful than HDR merging.
ie - want Ansel-like depth of field? Presto. No 4*5 or similar camera required.