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ATF does the trick. I have nearly 16000 km on my Nexus 8-speed premium, without any internal problem ever. Oil baths have been around every 3000-4000 km.
If only the cogs would last a little longer, IGHs would really be trouble free, but at least those are easily replaceable.
The trick is to grease what needs to be greased first, and then dip the thing in the oil.
ijsbrand-
Thanks! Do you use the specific shimano grease, or just normal (lithium?) bike bearing grease?
So you grease the bearings and gears first and then ATF dip it? I though part of the point of the oil/ATF bath was to flush away any metal particles created by gear wear. Doesn't having the grease on the moving parts trap them in place?
ffm
I've just acquired a second-hand rear wheel built on a Nexus 8-speed hub. I was wondering about giving it a quick service before installing it. Has anyone had any success using cheaper oil-bath options (automatic transmission fluid seems like the budget alternative of choice), or does anyone have the proper expensive reusable shimano oil and soaking that I could borrow in return for a couple of beers?