I believe the Nikon D3 is already shipping but I can't find any clear and unambiguous comparisons between it and the Canon 5D at high ISO..
Although the 5D produces images at ISO 3200 which are pretty impressive regarding low noise, there is inevitably a noticeable loss of resolution, a slight softening of the image, as well as pretty obvious noise in the lower mid-tones and shadows if there's the slightest bit of underexposure.
When the D3 was first announced and much was made of the fact it boasted an ISO 6400, I assumed it would be a 'false' ISO like the 5D's ISO 3200. I was surprised to learn later that it is in fact a regular ISO settings and the false ones (post A/D amplification) are ISO 12500 and 25000.
If ISO 12500 and 25000 are just ISO 6400 underexposed by one and two stops respectively, then any noise comparisons should be between the D3 at ISO 6400 and the 5D at ISO 1600, 3200 and 3200 underexposed one stop.
The comparison images should be carefully examined for noise and resolution. There's not much point in having lower noise from the camera if resolution suffers.
Okay! So much for the preamble. I fully expect the D3 at ISO 6400 to exceed the performance of the 5D at ISO 3200 underexposed one stop (or underexposed 2/3rds of a stop, whatever, depending on ISO accuracy. The 5D's ISO 3200 is actually ISO 4000, so that should be borne in mind during any comparisons.)
So, how to get your 5D performing at least as well at high ISO as the D3? There is a way, but it only works with motionless subjects. Buy yourself an upgrade to CS3 Extended. It's much cheaper than a D3.
Below is a number of 200% crops taken from the flattened result of 6 stacked handheld 15mm shots (no IS) at 1/20 sec, f16 and ISO 3200, compared with crops from a single shot from the series.
I'm pleased with the results. Not only is noise dramatically reduced in the stacked image but resolution has also noticeably improved as a result of the lower noise. The inevitable misalignment amongst the images seems to have been perfectly corrected with CS3E's auto-alignment feature.
Okay! No need to mention the obvious. Anyone who owns both a D3 and CS3E will continue to have a low noise advantage.
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