I think it's been known a very long time. Simple observation of the pupil of the eye shows that it has both a very limited range and a fairly fast response time, neither of which explain the wide dynamic range of the eye and the time it takes to dark-adapt to get that full range.
Furthermore, you lose the ability to dilate your eyes as you get older, just as you lose the ability to focus the lens. Certain drugs also stop down the iris, such as opiates. Yet your vision still maintains a pretty wide dynamic range.