|Nikon announces Nikon 1 system with V1 small sensor mirrorless camera, the company's new Nikon 1 line. The line include two cameras, the J1 ($650) and the V1 ($900). The V1 is slightly more advanced and comes with a built-in electronic viewfinder. The J1 looks like a standard point-and-shoot, and comes in a variety of colors, including bright pink. And you can get matching lenses. They come with a range of lenses. Features include 10.1 Megapixel CMOS sensors, a high-speed hybrid autofocus system and the new EXPEED 3 image processing engine.