Really enjoying my 7d but the weather has been horrible so I've been stuck in the apartment mostly...so been experimenting.
Over the past couple weeks I've been playing occasionally with making photoshop actions to do noise reduction, one each for 3200, 6400, and 12800...I don't think the actions are nearly good enough to share but I do think I've gotten them to a place where I'm very happy with them. The idea being to try to get the images to look as pleasing as possible without destroying *too much* detail in the process. Now, I'm not really very knowledgeable about this kind of thing, I don't understand how to use rawnalyze or any of that kind of thing, etc, etc, I'm just an average user. I wanted to go over the strategy I was using to reduce noise, share results, and see if anyone else that is more experienced had any input or ideas. I know there are a lot of really smart people here. ^_^ Anyway, here's the strategy I've been using:
1. Convert the raw image in DPP with the faithful picture style. Sharpening and noise reduction all at 0 but everything else at defaults. For some reason faithful seems to produce a much more pleasing result than neutral when all is said and done. That could just be my personal preference though. Weird, I know. I've just been using srgb, no fancy color space or anything--that didn't seem to make any difference to me!
2. Open image in photoshop cs4 and run it through neat image using a good quality profile (one for 3200, one for 6400, one for 12800). Preset settings are set to reduce 100% of the color noise, very low frequency on, and the luminance NR is set to between 35 and 50%. The profiles are about 96% quality and result in a 95-100% match.
3. At this point the image looks okay but has white specks everywhere at 6400 and 12800, and a few at 3200. Dust and scratches fixes that easily. A little stronger for 12800, mild for 6400, very weak for 3200.
4. Split the image into a new layer and select the color range of the annoying yellowish-reddish SPLOTCHES that appear at high iso. I couldn't find a better way to get rid of these, so don't laugh--it seems to work very well: Throw the image into LAB mode and do a major surface blur on the AB channels only in the selection. Yes, surface blur. Now, it won't completely eliminate them but it makes them significantly less visible and much less annoying. I'd imagine if an image had a ton of detail in the same color range this could pose a problem however I haven't managed to come across anything yet. The closest thing I had was a cardboard box and this didn't seem to hurt it at all!
5. If you've used your 7d much you'll notice that the green channel is much cleaner and is also devoid of any blotches. So just merge the red and blue stuff from the top layer down, no need to hurt that green channel data.
6. Again, the green channel is a lot cleaner than the others and seems to carry the detail so: do an edge sharpening using the green channel info. Then, instead of what the tutorials for doing this on the net might say, once you've done the find edges use "minimum" set to something really low, instead of "maximum". That kills all the noise edges that might have crept in.
Anyway, that's the basic "idea" for what I've been doing. If anyone has better ideas, or other ideas for removing color blotches, etc, or any theories or whatever to share please do. Now, some examples. Instead of my poor cat I just downloaded the imaging resource raw files to use as an example for a change. 100% crops. In order from: 3200, 6400, 12800. You'll notice in the 12800 file there's a chroma blotch or two that neat image didn't catch. Whoops. 
| HTTP response: NOT FOUND | MIME changed to 'image/png' |
| HTTP response: NOT FOUND | MIME changed to 'image/png' |
| HTTP response: NOT FOUND | MIME changed to 'image/png' |