What a joke. I picked up a V1 at the fire sale price when they were giving them away. It is literally the best P&S on the market. It's not a $1200 camera even if they throw the goodies in. It needs a bigger sensor. The "compact" lenses are not really "compact" anyhow. Well, the good news is wait a bit and you can pick up some nice stuff when they're giving it away.
I like it, but Sony's lack of support via firmware for their other cameras (Nex-7) means that I'll pass. Maybe I'll pick one up used after a while, if its not a dog. Plus the EVF cost is a joke.