Yes, but even the best tone mapper can't tell what the subject of your image is supposed to be, how you want to spend your contrast budget across the tonal range and in the picture.
I find PV2012 OK, but it's hard to figure out how all the different settings interact (contrast, shadow, highlight, tone curve, for example), you end up doing a rough set of adjustments for maximum tonal range and painting on d+b or doing what needs to get done in photoshop.
Microsoft software has the same -- hamburger-ware -- characteristics. Demos well, but as soon as you try to do something slightly off the beaten track, you'll struggle. (We'll see how Cortana does in competition with the paper clip or dog or Siri.)