001FJ: This comes from a Nikon user and fan: I don't care. Make a decent camera with a large (preferably full size) sensor then I will be listening. Sorry, but it's just my personal opinion. I don't care about how much technology Nikon can squeeze in a camera; I care about the image quality and 1 Series is all about software technology rather than good hardware.
...nikon do make a camera with a full size sensor. In fact, up until the D700 was discontinued, they made two. When the D800 is released, they'll make two again.
D700 and Nikon 1 owner here, so unlike most of the anonymous commentary and armchair speculators, I put my money where my mouth is. It's a great little camera, built for speed not comfort.