I enjoyed reading Mark Segal's piece on noise, comparing the 1DsIII and D3. It would appear that he may have put to rest the claims that the D3 sensor is so much better at handling noise than Canon sensors. He says:
"Much as expected, once roughly equivalent exposure techniques are used, differences of noise performance between the Canon 1Ds3 and the Nikon D3 are not remarkable, save for the very noisy results obtained from the Nikon for ETTL beyond ISO 80016. Comparing the 1Ds3 and the D3 for noise using the ETFR strategy with the Canon, the differences are insignificant."
The total number of stops between the lowest ISO and the highest in the normal (non-boost) range in the two cameras is only one stop, in the normal range. For the 1DsIII, it starts at 100 and goes to 1600- 5 stops. The D3 starts at 200 and goes to 6400- 6 stops.
Given the 1DsIII is a 21 megapixel camera and the D3 is a 12 megapixel camera, it is actually remarkable that the Canon performs so well. Seems to me the initial hype on this site and others claiming the D3's huge advantage in noise handling may well have been exaggerated. Mark's article points out that both cameras are equally as good when proper exposure is taken into account.
