Thank you for your fast response.
I did some experiments on my own, and installed a newer version of the Nikon raw file codec for explorer. New files I import now, are not distorted, but rotated (also annoying but better) . The bizarre thing is that the old imported files are still distorted even AFTER deleting the myphotoindex cache... Those thumnails are cached somewhere, and I dont' know where. The new thumbnails are alse not rotated in Explorer. Seems like a bug in the codec to me.
The rotate option is disabled, and it shouldn't be necessary to rotate them anyway, because in Nikon ViewNX and Nikon Capture the files are ok.
The main problem remains the wrong colors in full-screen mode. It seems like the white-balance is not properlry applied while rendering the image. Rendering is very slow compared to the Nikon software.
I am currently looking into myphotoindex because Nikon no longer develops PictureProject, and has no real replacement. I like the features myphotoindex has, and because it is open source I might be able to convert my PictureProject database to myphotindex. However, proper NEF support is a "should have" for a replacement to me.
Thank you,
Arnov