Today Adobe has released some new Camera Profiles for the Nikon D3 & D700. These are Beta versions and can be downloaded from http://forums.adobe.com/thread/602274
First impressions are good. All the horrible hue twists and banding have gone and the overall look of the image is not quite as flat which excellent news.
I use the "Camera Standard v2" profile with the Blue Hue set to -5 and the Tone Curve set to Linear. I'm getting very good results indeed, Bravo Adobe ! but it has taken a little too long to get these sorted out though IMHO !