Where does that demarcation line fall? Is there anything to consciousness besides the experiential phenomenon?

To illustrate: there is no such thing as the movie "It's a Wonderful Life", just a series of individual frames that our eyes and brains perceive as a whole unit only because of perceptual and cognitive limitations (basically, compression). We know far less of anything beyond the present moment - speaking of individual experience - than most believe. I posit that "consciousness" exists as nothing more than a cognitive compression artifact.

Do you regard the subjective experience of being concious as a something that can be adequately described by detailing neurological processes? As in, I know you might argue that a specific combination of atoms will correspond to a specific mental state. That doesn't really tell you anything about the subjective experience of being in that mental state though.