Title: NICI - the new Gemini South AO facility coronagraph Author(s): M. Hartung, T. Hayward, E. Artigau, N. Zarate, G. Trancho, R. Galves, J. Luhrs, C. Urrutia, E. Christensen, M. Chun, D. Toomey, J. Jensen The Near-Infrared Coronagraphic Imager NICI has recently been made available to the astronomical community. It is the first adaptive optics facility instrument of Gemini South and is optimized for coronographic imaging. Even though until now the largest fraction of observing time has been dedicated to the NICI planet finding campaign, also the first open time observations were performed. This talk will give an update of the status from the observatory's perspective and explore the instrument limits from the most recent commissioning and observing data. We will share our experience gained, intended to be useful to optimize NICI's application to different science topics. Eventually, we will focus on how contrast performance is interlinked to the data reduction pipeline (Angular Simultaneous Differential Imaging/Local Optimazation Combination of Images), and demonstrate the reachable gain applying these modern techniqes.