Is the Nikon 1 v1 or J1 good?

Is the Nikon 1 good? Is it better than its competitors mirrorless cameras? Is the camera itself better than DSLR cameras at an equal price?
Can it take really good professional grade pictures?

Sony's NEX cameras are so much better. DSLR's around this price are the D3100, and the Rebel T3

It is a new form factor which seems to fit a niche that is new.

While the Nikon 1 system uses interchangeable lenses, it can still fit in a purse or briefcase.

Whether you can take professional photos, has much more to do with your skills as a photographer. I know I can produce professional quality images using either the V-1 or J-1 cameras, but I have over 40 years experience working as a pro.

I think Nikon 1 J1 10.1 MP HD Digital Camera System with 10-30mm VR and 30-110mm VR 1 NIKKOR Lenses is better:

http://www.amazon.com/...005OGR1R0/

I can compare the 2 in detail for you.

Advantages of the Nikon J1 over V1:

1.Significantly smaller 106x61x29 mm vs 113x76x43 mm
2.Slightly better image quality 56.0 vs 54.0
3.Better color depth 21, 5 bits vs 21, 3 bits
4.Significantly thinner 1, 2" vs 1, 7"
5.Built-in flash Yes vs No
6.Cheaper
7.Slightly lighter 277 g vs 294 g

Read this review by a user about the overall performance of the camera:

http://www.amazon.com/...V8QGYAY4Y/

Nikon 1 V1 10.1 MP HD Digital Camera System with 10-30mm VR 1 NIKKOR Lens:

http://www.amazon.com/...005OGR3DM/

Instead consider buying a entry level DSLR it will give much better result and offers plenty of accessories for camera.