What would this camera be classified as?

Http://www.bestbuy.com/site/Nikon±+1+J1+10.1-Megapixel+Digital+Camera+with+10-30mm+Lens+Kit±+Red/3628092.p?id=1218422892249&skuId=3628092

It is not a point and shoot and it can't be classified as a DSLR. What would this be? And is it a good buy? The sale runs out this week BTW.

Added (1). And how much battery life?

V1 = EVIL - Electronic Viewfinder Interchangeable Lens.
J1 = MILC - Mirrorless Interchangeable Lens Camera.

The V1 has an electronic viewfinder while the J1 does not.

Or call them "Compact System Cameras"

A mirrorless camera

around 250 shots I believe

It is a VERY expensive compact with interchangeable lens.
It costs the same as a DSLR and as far as I can see it's single advantage is that it is small.

Major downsides vs a DSLR
Has no manual exposure mode (the V1 does)
No hot shoe for external flash
No optical viewfinder - a real problem in bright light and a recipe for camera shake holding ot out from your body at arms length to see the viewfinder.
Very small - how will you get a decent hold to prevent camera shake
No image stabilisation (see 2 points above!)