I have a NetCDF raster for Sea Surface Temperature (SST), which has a time dimension that is monthly from 1950 - 2012. This is a single NetCDF file with many 'time slices' - 744 i think (12 per year for 62 years)
I have hurricane track data which is in point shape files, which I have also been able to time enable to this same monthly increments.
ArcMap understands this - and I can run animations which has the NetCDF raster and shapefiles changing correctly with time.
What I am trying to do is to now is produce a model (workflow) in model builder which extracts the SST value for each data point at the correct time.