Originally posted by alamo5000 Aside from introducing grain into the shot can this technique be used to say assist with blown out skies or other problems?
It's exactly the opposite. In electronics there's a formula which states that the product of amplification and dynamic range is constant (but it's really a law of nature more than anything).
Basically, bumping up the ISO uses an amplifying circuit to boost the signal gain. It also amplifies the noise, which shows up as grain, and also diminishes the dynamic range, which can lead to blown out highlights (depends on luminosity of the sky vs luminosity of the ground, though).
So... no, you didn't discover anything.