I just took 3 pictures of a Christmas decoration and stitched them together to an HDR image. (Actually, Photoshop CS4 did it. I wanted to check out if this works with raw data without having to convert it first.)
The final image rendered by Photoshop CS4.
Here you can see the final image and the 3 pictures that were takenwith different exposure. If you would like to have look at the result in massive resolution, go here.