Marsu42 said:
... in a nutshell and my own words/understanding: Canon does more signal processing off the sensor die which results in read noise that drowns the theoretically possible dynamic range. That's why the dynamic range curve is nearly flat on low iso with Canon, while the competition gets better until base iso with their patented exmor on-die processing. And that's what 90% of all flamewar threads are about on CR.
Otherwise the Canon sensors are fine, because at higher iso the read noise doesn't matter that much anymore so Canon does better vs. the competition - but depending on the specific models, still nothing to write home about or switch systems over. On the other hand, more than +2 stops on low iso is a big difference if you want/need it.
You got most of that wrong.
On sensor versus off sensor "processing" or how much processing is getting done
after ADC isn't the issue for low ISOs.
And read noise does matter a lot at high ISO, but Canon's read noise at high ISO is competitive with that of other brands.