The fine folks from RE:Vision Effects have released DE:Noise, a plugin for compositing and editing applications. DE:Noise combines motion estimation techniques with feature-sensitive, edge-preserving spatial filtering methods to reduce the visual impact of various problems such as: noisy video (that can happen with low-light capture), excessive film grain, CG renders affected by ray-tracing sampling artifacts, fingerprints and dust captured during film scan/transfer and printing, snow, drop-outs and many other defects. Find out more information and some sample videos at REVisionFX.com. The Great Train Robbery never looked this good.
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