But does applying the same transfer function to each pixel (of a given colour anyway) count as "processing"? What bothers me as an old-school photographer is this. When you really pushed it with film (e.g. overprocess 400ISO B&W film to 1600 ISO and even then maybe underexpose at the enlargement step) you got nasty grain. But that was uniform "noise" all over the picture. Nowadays, noise reduction is impressive, but…
In some sense it has to, because you can include a parametric mask it that function which makes it possible to perform local edits with global functions.