The D90 has noticeably less noise than the D300, I've compared them and the newer E-series Olympus appear to have less slightly less noise, but the images are softer than the old cameras making me think maybe the AA filter is stronger in the new ones.
There is so much talk about noise, but from what I see from mfgs. of both APSC & 4/3 sensors is there is a decision made by each mfg. to determine what is the most important part of the whole in regard to sensor performance.
Some want a cleaner high ISO image, but it seems there is less effort or emphasis placed on the viability of a JPEG that does not need PP. Others, like OLY - shoot for a great JPEG that any novice would be happy with, but the higher ISO images may need a bit of tweaking in something like Neat Image.
Bottom line, for either APSC or 4/3 and the photographer that is looking for that perfect image, there usually has to be some tweaking on one end or the other. Much of this, I bet - have to do with $$ spent to develop the camera.
I see images all the time from 'OLD' cameras like my E300 that are fantastic, at a variety of ISOs and F stops. Can I do the same with mine? I could, but it would take me learning my camera better, taking more time studying PP - maybe investing in new lenses or software. Have I yet done any of this? Some, but not near enough - sad to say. But I could if I found the time, passion, or energy - and I would see better results.
Many want a camera that does it all with perfection, but that camera does not exist. Just my 'O'.