Nikon introduces Nikon 1 interchangeable lens camera system

Nikon has introduced their new mirrorless interchangeable lens camera system, known as the "1". There will be two models initially: the J1 and the more advanced V1. These cameras use a new 10 Megapixel high speed CMOS sensor, a CX lens mount with a 2.7X crop factor, and an easy-to-use interface. I've had a chance to get my hands on them early and will have product shots and more shortly. I'm also taking a production model home with me so I will have sample photos ASAP.
Nikon 1 J1 [specs]

• 10.1 Megapixel high speed AF CMOS sensor (13.2 x 8.8 mm, which makes it smaller than Micro Four Thirds but larger than what's on the Pentax Q)
• Uses new Nikon CX-mount lenses with a 2.7X crop factor; image stabilization will be on the lens, if available
  • Optional F-mount adapter, with AF support on AF-I or AF-S lens
• Dual-core Expeed 3 image processor
• Compact composite over aluminum body, comes in black, silver, white, pink, and red
• 3-inch LCD display with 461,000 pixels
• 73-point, hybrid AF system (billed as world's fastest) switches between contrast and phase detection (the latter being built into the sensor) when needed
• Full manual controls, including RAW (NEF) support; since there's no mode dial, you must dive into the menu system to change manual shooting modes
  • ISO range of 100 - 3200, expandable to 100 - 6400
  • Uses electronic shutter, with a range of 30 - 1/16000 sec
• Available Scene Auto Selector mode
• Continuous shooting as fast as 10 frames/second, with continuous AF; shoots at 60 fps when AF is locked on first exposure
• Built-in flash (GN 5 at ISO 100)
• Smart Photo Selector mode takes 20 photos at 30 fps, looks negative factors and discards those photos, then looks at positive factors and saves the best five photos
• Motion Snapshot wraps 2.5 seconds of video around your still image
• Records Full HD video at 1920 x 1080 at 60i (sensor output is 30p) with stereo sound using H.264 codec for up to 29 minutes
  • Also supports slow motion movie recording at 30, 60, 400, and 1200 fps
• SD/SDHC/SDXC card slot
• HDMI output
• Uses EN-EL20 lithium-ion battery, 230 shots per charge
• Ships next month in three kits: with the 10 - 30 mm zoom for $649, with the 10 mm pancake and 10 - 30 mm zoom for $899, or get it with the 10 - 30 and 30 - 110 mm zooms for $899.

Nikon 1 V1 [specs] - changes:

• Magnesium-alloy body
• LCD has 921,000 pixels
• Built-in electronic viewfinder with 1.44 million dots
• Mechanical shutter in addition to the electronic one; shutter speed range is 30 - /14000 sec with the mechanical one
• No built-in flash, but offers an Accessory Port which can take an optional external flash or GPS (both $149)
• Stereo microphone input
• Uses EN-EL15 li-ion battery, 400 shots per charge without a flash and 350 shots with the optional SB-N5 flash (the only one the camera can use at this point)
• Priced at $899

So how about the new lenses and accessories? Here they are, in brief:

• F2.8, 10 mm (27 mm equiv) pancake lens, $249
• F3.5-5.6, 10 - 30 mm (27 - 81 mm equiv) zoom lens with Vibration Reduction II image stabilization (kit lens only)
• F3.8-5.6, 30 - 110 mm (81 - 297 mm equiv) lens with VR II, $249
• F4.5-5.6, 10 - 100 mm (27 - 270 mm equiv) power zoom lens with VR II, $749
• SB-N5 Speedlight -- only for the V1 -- $149
• GP-N100 GPS -- also only for the V1 -- $149