Thanks to all for your inputs in this discussion.
Sorry not to be able to be more technically specific, I'm still learning the DIY route

All I've done with those files is to use Premiere's 3-way color correction plug-in and play with the shadows wheel's input sliders (left and middle ones). All pictures posted are stills exported from Premiere 5.5.
If I'm doing anything wrong here, I'd be happy to learn how to do it properly!
Again, my intention is not to put this camera down at all, but instead I'd like to have a realistic understanding of what its limitations and strengths are.
One of the limitations of my hacked GH2 is that I usually have to under-expose to avoid clipping the highs, which makes it crucial to be able to recover details in the low and low-mid tones. As I tried to demonstrate with that GH2 rails shot, shadow details recovery is very limited. Below is one more example.
GH2 original, shot to protect the sky highlights:

Trying to recover shadow details in the wall and in the people's coats:

I am not willing to trade the articulated screen, vu-meters, in-camera edition/deletion, good battery life, EVF, stills capabitliy, etc. of the GH2 for a camera that would not help in the shadow details department, even though I understand its inherent DR qualities.