
You see this camera is usable at this ISO. There is a little noise in the dark blue sky but pretty nice. Amazing how far this has come, the image is better than film at ISO 800. Now for some 100% comparisons. This is Capture default conversion

Pretty amazing if you ask me. The noise is very grain like as if it is film.
Now Lightroom. Left, default Lightroom conversion, right optimized noise reduction (about 50/50 in both luminance and chroma)


As you see, Lightroom's conversion is far noisier by default and it is typical digital noise. The more optimized conversion is still noisy and becomes splotchy. Not very good. You also see strange speckling around the lights in both images that is not present in the Capture conversion.
Conclusion: Not surprising since the software comes from the camera maker, Capture NX deals very well with high ISO noise. If only the program were not so horrible in its use that I dread opening it every time, I would use it all the time and import tiffs or jpegs into Lightroom from it.
EDIT: because of a request below, I added the Mac OS X (i.e. identical to Aperture - my trial license for Ap 2 expired) default system RAW library conversion. It looks like this:

Very similar to Lightroom default version but not as good as Capture NX's. Somehow the noise seems to be a little more even than in the Lightroom conversion, so perhaps it would be easier to deal with, but I digress.