John,
I did a little experimenting today. First to the time issue…
During daylight savings my DNGs are 9 hours behind the correct time displayed by the NEFs. During non daylight savings time the DNGs are 10 hours behind the correct time. In the last year I have traveled to Hawaii and Arizona. I know I changed the time zone in the D200 preferences for Hawaii and I think I forgot in Arizona but either way NEF or DNG show eastern standard time as the camera setting on import, so I am guessing that particular function probably doesn't work. One odd thing is that, whether it is a 9 or 10 hour difference, if I apply the GMT+5 as the Actual Time Zone to the DNGs on import, it gives it the correct time.
Just to see what would happen to the file times upon exporting from Aperture —
If I export masters from DNGs that have not been time corrected with the embed metadata enabled, I get DNGs with the correct time displayed in Bridge. If I export versions from the same DNGs I get tiffs or whatever file with the wrong time displayed in Bridge.
If I export masters from DNGs that have been time corrected with the embed metadata enabled, I get DNGs with the correct time, if I export versions from those DNGs I get files that show the correct time in Bridge.
It appears that Aperture doesn't alter the master file's EXIF data, but only adds IPTC on export, but for versions I am guessing it makes a completely new file.
Since I was skulking around the metadata panel I observed the following differences —
The following metadata fields show no information for a DNG, but do show info when an NEF is selected:
Flash exposure compensation
Lens minimum mm
Lens maximum mm
Nikon white balance
Nikon sharpen mode
Nikon Quality - (for NEF it shows Raw)
Nikon Focus Mode
Nikon Flash Setting
and under Lens Model for the NEF it showsÂ
AF-S DX Zoom Nikkor 18-70mm f/3.5-4.5G IF-EDÂ Â or
Sigma 10-20mm F4-5.6 EX DC HSM
for DNG it shows  18-70 mm f/3.5-4.5  or   10.0-20.0 mm f/4.0-5.6
next to the caption Software for the NEF it is Ver.2.00 and the DNG shows Ver.1.02 but…
last Novembers images that I just got around to converting to DNG shows the same software for both DNG and NEF which was Ver.2.00
additionally there is a caption EXIF Version which shows 2.2.1 only when a DNG is selected.
Further investigating for any info about Apples DNG implementation led me to this webpage on Apples site —
http://docs.info.apple.com/article.html?artnum=307385That article mentions the Auto Noise Compensation adjustment under Raw Fine Tuning is not available with DNG images. Actually whether it was a DNG or NEF the Auto Noise Compensation selection box was available to either make active or to make inactive for me. I don't know what value that feature has in the Raw conversion but it does work.
I guess Apple doesn't know that feature works on the NEF converted to DNGs. lololol
Really, I think the best situation would be if Nikon themselves supported the DNG format which is probably not very likely. I have never used or even have seen a Capture NX raw conversion and I am just curious if having access to all the info in the NEF file makes any difference.
Either way, since I can adjust the time I will stick with DNGs. I agree with you about how amazing it is that Aperture doesn't read the sidecars.
Ed