2012 Nikon 1 V1 and J1 review

The system is spearheaded by two cameras - the Nikon 1 J1 and 1 V1. The V1 and J1's standout features are their autofocus and continuous shooting abilities. Both cameras feature a 'hybrid' AF system that combines both Phase and Contrast Detection methods, which in principle allows them to keep track of fast-moving subjects in much the same way as SLRs can (and compacts and other mirrorless cameras conspicuously can't). Perhaps nothing signals Nikon's long-term commitment to the 1 System, however, more than its decision to build both cameras around a completely new lens mount and a unique 10MP CMOS sensor.

Nikon has announced the V1 enthusiast small sensor mirrorless camera. Built around what the company is calling a 'CX' format 10MP CMOS sensors, the cameras is part of the company's new Nikon 1 line. The 1" type sensor (13.2mm x 8.8mm) gives a 2.7x crop. An adapter allowing the use of Nikon F-mount lenses will follow.
The mechanical shutter also allows it to use flash at shutter speeds of 1/250th of a second, rather than the 1/60th that the electronic shutter limits the cameras.