Opinions on the new Nikon J1?

It comes out in a few hours and i'm thinking about buying it with the 2 lens zoom kit but the price seems a bit steep compared to others.anyone think it will go down by the holidays? Or if its worth buying?

I'd rather buy D3100.

If you own a turbo-prop aircraft, a Porsche Cayman Turbo, a stable of Polo ponies or feel the need to have the hottest P&S camera with interchangeable lenses, you can't do without one.

This seems like a niche product that will appeal to a select group of advanced amateurs who want to be the first on their tie-down or slip to have the latest in "small" dSLR type technology and can afford to pay for it.

It has an incredible video capability, which I have to admit, was impressive.

It is not for everyone, but is probably closer to the idea of a bridge camera than the current junk out there - which are essentially run-of-the-mill compact cameras with a bigger lens.

For your very mobile lifestyle comes a completely new imaging system with freedom to create and express as never before. Highly compact and portable, the Nikon 1 J1 goes everywhere you go. Moments from your amazing world are captured using a highly responsive autofocus and super fast shooting speed. In one touch you can work in Full HD (1080p) movie record mode. A camera so versatile you can even snap photos while recording movies. Unleash your creativity with Nikon 1-offering a balance of high performance, advanced features, portability and a newly designed interchangeable lens system. Infuse your world with photos from every moment and connect as never before.