I was a Nikon presentation today and handled the new cameras a bit. Just some quick thoughts: 1) Ergonomics is okay for its category, though I hope Franiec will make a grip. Materials are top notch. 2) Controls and menus are quite a mess. Aperture/shutter priority, manual mode as well as ISO - everything is in the menu, which is too simplistic and not sophisticated. No customization to speak of (custom menus etc.) At least the V1 would deserve better controls. 3) The official designation of the cams is "Nikon 1 J1", "Nikon 1 V1". I wonder if the next model will be "Nikon 1 V2" or whatever. 4) The cameras are slow. Like, really slow. It takes ages to switch between the display and EVF. 5) LCDs are very good, not OLED quality, but close. EVF is quite okay, but it feels quite dull. 6) The accessories are really cute, especially the flash. 7) Exposure feels like the higher-end Nikon DSLR bodies. Very conservative. 8) The F-mount adapter works ONLY with AF-S lenses. AF-D lenses are not recognized, the camera won't shoot. Also, slower lenses may only work in P mode. 9) AF is not as fast in poor lighting as I'd expect from phase detection. 10) In Auto ISO, the current ISO isn't displayed (just the maximum value). Overall, I like the J1 with 10 mm and 10-30, they feel qu iteright. The lenses are really cute. V1, not so much. Also, not a fan of the motor zoom, it's slow to turn on and zoom. Didn't check the image quality yet, gotta get to the PC first.