In my view ETTR means is that we try to utilize the full histogram, thus essentially optimizing available DR and minimizing noise relative to signal.
Erik,
I think we should distinguish between the two types of camera designs regarding higher-than-base ISO performance, and between the two methods of shooting regarding available time to plan the shot and use tripod.
With the D7000 and a few other models, including most MFDBs I think (at least the older models), there is actually only one concern regarding attempts to achieve that 'idealised amount of RAW data', as Andrew put it, and that concern is overexposure at base ISO.
This simplifies the ETTR situation significantly for hand-held shots and/or moving subjects whenever it's clear that the desired combination of shutter speed and aperture in the available light requires an increase in ISO.
With Canon cameras, an ETTR at ISO 400 produces a better SNR than the same shot showing an underexposure of 2 stops at base ISO. With the D7000 it doesn't, not because ISO 400 is worse on the D7000, but because ISO 100 is better.
In such circumstances, there is no need to 'try to utilize the full histogram' as you put it. One can happily shoot all day in manual mode at base ISO and be completely free of any obsession with ETTR. The only concern is overexposure, and shutter speed can easily be changed without moving the camera from one's eye.
As I recall, the first DSLRs that were available had a rather poor DR compared with negative film, and especially B&W film. This factor, in combination with a digital sensor's lack of the smooth roll-off or toe which is characteristic of film, created problems for the first DSLR users, of a lack of 'headroom' regarding exposure.
Attempts to maximise the DR in the capture would often lead to the clipping of at least one color in the highlights. Playing it safe could result in disturbing noise in the shadows and lower midtones.
In my view we no longer have to be so obsessive about ETTR when using modern DSLRs, not just because the DR and SNR characteristics of modern DSLRs are much improved, but also because memory is now so cheap.
When in doubt, bracket exposure, or bracket ISO in circumstances where there is a risk that the 'overexposed' shot, which may turn out to be the ideal exposure, has too slow a shutter speed to freeze movement.