Yes, it is. The V1 was a slow seller and they are clearing them out. It's a nice camera with a very usable electronic viewfinder,but also a few quirks and omissions, most fixed on the V2 (too bad it's so ugly.) The V1 kit with the 10-30mm and 30-110mm is only $399 from B&H. A hundred dollars for the truly excellent 30-110mm is remarkable. So much length in such a small lens is what this system was made for. If you go for it, definitely buy the two lens kit. Now I just want the UWA zoom when it's available and I will be happy. Oh, and a macro lens.