Yeah, you start off the grade with a logarithmic curve, so you're right, it's suuuuper flat, and then you basically pick and choose what you want in the color grading, and then (if you have a ton of money to spend on a film-out delivery) then you correct it all to match perfect with your print stock (which, I think you're right about being more contrasty).

Anyone have anything to add about STILL film dynamic range though?