Has anyone else player with DNG. If so what do you think?
Not sure I understand the question or what you're getting at.
The sensor sees what it sees, in the way it sees it. This is not influenced by the choice of format for the subsequent storage of the data thus "seen". I have been told by an engineer at Adobe that a DNG file contains exactly and fully the same data as a PEF. Now, I was asking whether the files store the same data because I wondered if it made any difference if I shot PEF and converted, and he assured me that it did not. The conversion (which I do in Adobe Lightroom) retains every piece of data in the original PEF, which is everything the sensor originally saw. This makes sense to me. Note that this does not really speak to the question of whether different data might be stored if I shot to DNG in the first place, but I find it inconceivable for several reasons that the choice of file format would make any difference to what is stored. It matters only to how its stored. On a K10D, DNG is not compressed, which means that it writes slightly faster and the files are slightly larger. But other than that, no difference.
Now, the color space (sRGB vs Adobe RGB) can make a difference of some sort. I've read that, in theory, Adobe RGB is better in some potentially significant way. But Adobe RGB seems to cause other problems, with online printing services and other things. So I never use it.
I might add that different programs do seem to render raw data slightly differently. I noticed the other day that a photo that looked quite nice in Lightroom looked less nice in Light Crafts LightZone. Different programs use different presets to interpret the raw data. But again, this doesn't make any difference to the underlying data. I think you should be able to get an image to look pretty much the same in just about any program.
Finally, keep in mind that the camera's jpeg settings for contrast, etc., do make a difference to the jpeg preview that is embedded inside your raw files. However this is simply a matter of the initial preview of the photo when you get it to your computer, and it does NOT make any difference at all to the actual raw data.
Not sure whether this speaks to your question or not. If it doesn't, let us know and perhaps somebody will understand better than I.
Will