Which camera is best for video recording overall?

Between the Canon 550d t2i, which costs more and does more,
http://www.dpreview.com/...oneos550d/

And the Nikon J1
http://www.nikonusa.com/...-1-J1.html

Which one is the better deal for all the features, which will have the best audio recording, and which will have the best video quality? I need your opinion also.

I just got canon T2i camera today (finally an available body only since I have no use for the kit lens) and I'm awed. I had done lot of research on this before buying it so I knew what to expect in terms of both the big upgrade issues as well as the little tweaks they have done, some of which turn out to be really terrific. If you are coming from another Canon the menus and interface will be second nature. Based on another very positive review just posted, coming from Nikon it's also an easy step.