I reckon Canon put it in to help people who do not want to spend time adjusting their shots on the computer. The basic problem is that at the moment sensors do not give sufficient dynamic range so some thing has to give. I too prefer to turn the settings off and if necessary under expose the shot myself slightly with exposure compensation then bring up the shadows in Photoshop Elements if necessary just in the areas that need it. As always doing it yourself on the computer gives more control and better results.
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