I usually find that recovering highlights there is much more clipping on my D3/D300, and recovering the shadows creates a tun of noise so overall I'm pleased with these results, as said considering it's really only a compact camera.
I think the HDR look is more produced by the fact that the only times I've really seen images like that that are correctly exposed across the entire image are almost always HDRs. I have tweaked the settings a bit more again and it seems to have less of the HDR 'glow' that usually (again, in my opinion) ruins a photo.
I agree that HDR isn't necessarily a bad thing, it has a time and place, but seems to be far to overused by 'newbies' which has earned it a bad name. I've seen some genuinely good HDRs, because they were used on the right subject and not over processed.