I was just able to update Camera Raw to 4.5 and it works with D700 raw files now.
Open CS3 and goto Help then updates.
#1. "RE: D700 raw in CS3" | In response to Reply # 0bspaith Registered since 05th Dec 2006Tue 29-Jul-08 11:21 PM
I just upgraded to ACR 4.5 and even though theD700 is not listed it does work in Photoshop.
BUT how do I get Lightroom 1.4 to recognize that I have installed the 4.5 ACR? When I look at "About" it says it is using Camera Raw 4.4.1
I used the 4.5 DNG converter and Lightroom will see and open the .dng files.
Thanks for the suggestion about 4.5 - I kept looking at it but since it didn't list the D700 I didn't install it - Now thanks to you I have.