Is a Nikon 1 v1 a good idea for me?

I really want to buy a camera and recently I have seen the Nikon 1 v1 and I fell in love with it. I absolutely love the fact that it is a digital slr camera and I love the interchangeable lenses. I really want to get into photography but I don't want to lug around a giant camera. I'm totally fine with the price and I realise that it doesn't have an inbuilt flash. I want to know if this is a good camera without all of the confusing words. I want to know what is bad and what is good in plain, simple english.

Since it is a mirrorless camera it is technically not a single lens reflex. (The "reflex" refers to the mirror that reflects the preview of the image to a focusing screen.) It has advantages and disadvantages. A DSLR is going to be more capable, but the Nikon 1 should be very good while being less heavy and bulky than a DSLR.

This review gives the pros and cons of the camera and then discusses it.
http://www.dpreview.com/...konv1j1/19

Have you looked at the entry level DSLR's? They really aren't that huge. Take yourself down to a camera store and handle the Nikon D3200. Be careful, you might fall in love all over again.