This thread is getting a bit old by now, but I hadn't seen it before Steve's weekly heads-up email, and I think that it might be useful to expand just a bit on Thom's point. All the Nikon literature says that the histogram is not created from the raw image, but from a JPEG, and many of us use the histogram to set exposure, so the question is what histogram does Nikon use? Do they create a special, for-the-histogram, JPEG, or is it THE JPEG associated with the image, which presumably has been processed using the Picture Control settings? I would be really surprised if the camera expends the compute cycles to make a second JPEG just for the purpose of building the histogram. That is too extravagant computationally to imagine, particularly when most cameras are so starved for computing power. I've been suspicious for quite some time, going back to my Z7 that the exposure that I choose to make is being subtly influenced by the Picture Control settings. This is quite different from the settings influencing the RAW image. They don't do that, but do they influence the photographer? And as critically, does the Picture Control setting also influence the way that the camera itself decides to expose the image? I have not set up a controlled experiment to test this, but as in Thom's point about the autofocus, if the Z cameras use the JPEG that is created for display, which is controlled by the Picture Control settings, in order to focus and set exposure, however that is done, shutter speed, aperture or (auto) ISO, then the question is not whether the Picture Control settings affect the camera's automatic functions, but whether the effects are observable in images, whether by the camera's own decision, or those of the photographer.