This past weekend I tried my hand at time lapse photography, using the D7000. I set the camera on a tripod just after sunset and captured 124 images at 10 second intervals.
I then brought the series into Lightroom so that I could resize the JPEGs to a smaller size. I exported the images (that is how I invoke the batch re-size command) and then used PS5 to create the video file.
It worked well for my first effort. The live view screen was a big help to get my focus set. I turned LV on, zoomed into a star, and then manually focused the 50mm f/1.4 lens I was using.
I set the camera on Aperture priority at f/1.4 and iso was set to 500. This setting allowed the shutter speed to adjust as the sky darkened. A few clouds moved through as the camera was clicking away, and made for some great elements in the series.