Steve,
I really think the obsession with noise is overdone, frankly.
Really, Nikons cannot be knocked! No one can blame a Nikon camera for any shortcoming in their pictures!
Asher
Well, that depends on what kind of shootong you're doing. I don't see many people using Nikons hand-held with telephotos, especially in shady places. I generally only see Canons in those contexts. I see both Nikon and Canons on tripods.
Me, I can't shoot birds at 1/30 - lots of people do it, but I couldn't accept the extremely low keeper rate. I hand-hold my 560 or 800mm, with the Canon set to IS0 1250 or 1600, in Tv mode at 1/250 -1/400s (with IS), in moderate light, 1/160 to 1/250 in very low light . If I get a good exposure at ISO 1250 or 1600 with my 20D and 30D, or at 800 with my XTi, noise is something you need to look for, and if the lighting is too low, and the 1250 or 1600 (1250 on the 30D is really 1600 with a pull) are not enough, the image will fall into a higher exposure index, but maintain a good shutter speed, and the sharpness from the shutter speed may cut through the extra noise. I don't think Nikons do anywhere as well in ISO 1600 under-exposure.
The newer Nikons seem to have improved a bit; the read noise is not proportional to ISO like the D2X, but it is still a couple of stops higher than the Canons at ISO 1600. Most of the comparisons shown on web sites that say Nikon has caught up are in images engineered not to show the noise differences in the shadows. They are generally high-key, and displayed with so much JPEG compression that shadows are damaged on all.