Bull. Crap. Just because you are preserving the blown highlights, does NOT mean you have captured a greater dynamic range. You underexposed by 6 stops in the example, so CLEARLY your highlights won't be blown. Where the theory falls flat, is that by underexposing the image by 6 stops, you just lost the majority of your shadow detail
If the shots were taken at the same aperture and shutter speed, the sensor captures the same amount of "shadow detail" regardless of where you set the ISO. ISO is always post-processing, whether you let your camera do it (where gain worked better than photoshop on older sensors without flat read noise curves) or now do it with raw converter or photoshop (when shooting with these new sensors).
It's going to take some time to get used to this possibility. But I suspect in the near future, ISO will simply be a meta-data. It'll exist in the jpg so that the preview on your camera lcd will be viewable, but the actual raw data will not include any permanent iso adjustment.
I'm not going to go research it because I'm busy with something else, but I'll go out on a limb and say that switching to different ISO has no noteworthy impact in dynamic range at all... and CERTAINLY not a 2x impact. I'm pretty certain there isn't a camera on the market that isn't capable of capturing "14 stops of light" without software tricks such as "HDR".
Also, no one is going to say that any particular setting for ISO on a camera is properly exposed without knowing the scene in question. I say this merely as an additional emphasis that you're probably not quite as informed as you may think.
You don't have to go out on a limb. All the data about dynamic range available at each ISO setting is available for you at Sensorgen.info data for Nikon D7000 for the D7000. You are correct about one thing: i'm not as informed as I think, and I'm simply passing on info to you guys from the links quoted where the discussion really is being informed by some really smart people, including those working in the sensor engineering industry.
It was never my intention here to argue this case. I simply wanted to pass along some brand new information that leads to exciting possibilities in photography. If you want to disagree with them, you're going to need to take that discussion elsewhere I'm afraid because there is not much more I can do to present this side than show you all the data linked above and the discussions linked above. FWIW, it's pretty well accepted that the D7000 and Pentax that uses the same sensor are "ISOless". Google that term and have fun reading all about this paradigm shift.