First SpaceX launch to supply Space Station is next Sunday
nasa.gov
nasa.gov
Also relevant, the Cygnus spacecraft from Orbital Sciences Corp. is another ISS commercial resupply vehicle and is set to have its first demonstration mission soon (in early 2013). However, unlike the Dragon the Cygnus isn't designed around a manned capsule system and it burns up on reentry.
Many HN readers may already know, but pay attention to SpaceX. There's nobody even close to what they're doing, and they aren't slowing down.
[1] http://www.businessweek.com/printer/articles/71446-elon-musk...
The ISS is moving at 7.7 km every second; if you miss by 10 seconds, you would need to (roughly) drop your orbit by 10km, wait 3.6 hours, then climb back up that 10km to make up for it.
Matching position is even harder. The ISS isn't equatorial. It swings north and south of the equator in a sinusoid.
It's probably possible to have a computer or pilot dynamically respond to all these things to make up for them. But easier to just deal with it by waiting a few days.
With an arm capture they manoeuvre the craft a safe distance from the ISS then check it can hold position and move slowly toward/away. When they're satisfied then they edge it close enough to capture with the arm.
If it docks itself then you have to trust there won't be some weird last-minute f*ckup causing it to crash into the station.
Secondarily, the limited time & manpower on the station makes streamlining a resupply mission good sense - as long as there aren't huge risks.