Does the crop factor apply to aperture? Yes it does. The best example are compact cameras with their tiny sensors: unless your distance to focus is really really close, their depth of field is at infinity almost all the time.
But I'm not talking about compact cameras. I'm talking about DSLR cameras (and most of the time about Nikon), and of course the crop factor applies to the aperture on DSLRs, too. I think this is quite important, because the aperture is one of the two most important things that influences our photos (the other is, you bet, shutter speed).
Aperture defines the DOF aka depth of field (which also interacts with the distance to focus - the closer you focus, the smaller is the DOF, the farther away your focus point is, the larger is the DOF), and sometimes you want a very small DOF to isolate a certain subject. And this is where the crop factor limits you - the DOF is larger. You have to multiply the aperture just like you have to multiply the focal length. You can verify this yourself on http://www.dofmaster.com for example - just don't forget that you have to consider the crop factor (compare the DOF of a 50mm lens on a 1.5x crop factor camera with a 75mm lens on a full frame camera, or else it won't work).
What does that mean? The consumer grade telezoom lenses have a maximum aperture of 5.6 at the long end quite often - but with respect to the depth of field, its actually 5.6x1.5 (on APS-C). So you have an aperture that opens as wide as f/5.6, but it behaves like an aperture of f/8.4! This means that you can NOT isolate an object as good as you can with a full frame sensor. It also means that the very fast, more professional lenses (like the zooms with a constant aperture of 2.8 throughout the entire zoom range) are rendered into a mere f/4.2 lens.
In the end you have to realize: you can't operature any "old" legacy lenses like you expected when you're using a camera with a crop factor. Lenses are always the most expensive thing in the long run when you're using a DSLR camera, and especially on crop factor cameras, you need faster lenses. Faster means more light. More light means more glass, because focal length and aperture are connected. More glass means more weight - and more money...