QUOTE (MarkDS @ May 27 2008, 01:41 PM)
Mitch,
I think the main advantage of these tools over doing noise reduction in ACR is the considerable fine-tuning features they offer for selecting what is noise and how much to reduce it. Neat Image, Noise Ninja and Noiseware all provide many similar such features. The key item of interest for me is how well they compare in terms of their (and the user's) ability to separate noise from detail and preserve the latter while mitigating the former. It is in this respect that I find Noiseware particularly strong.
As for the use of capture sharpening in ACR, of course it depends on whether or not noise reduction is needed. If one needs to reduce noise, and if one decides that using a PS plug-in is the preferred approach, then right - one wouldn't want to sharpen the noise in ACR and then try reducing it. As you say, it kind of defeats the purpose of sharpening, but it also makes noise reduction more difficult. On the other hand, where no noise reduction is needed (increasingly the case with today's high-end DSLRs up to pretty high ISOs) capture sharpening works well either in ACR or in PS.
If you save your RAW conversion as a Smart Image, using ACR4 or LR2 when it's released, it will work out better than well.

It is true that I do generalize from my own experience, which is with a 1DsMkII and a 20D currently, so they are more prone to noise than the latest generation of DIGIC.
I don't apply noise reduction to every photo and when I don't, I have considered ACR for capture sharpening. My hesitation has been the added control I get by selecting and refining the edge mask, making Blend If setting decisions, etc. It's the fine art photographer tendency to obsess over the small details.

I could certainly par down the file size by capture sharpening in ACR, though.
I definitely hear ya, and I think we're in 100% agreement.

Cheers,
Mitch