I put my hands on the NV11 and NV10. I didn't really have a chance to shoot w/ them. Just a quick hands on. Verdict: NV10 wins!
The NV10 is so compact I can't resist. I know this is the type of camera I would be able to carry around all the time, in my pocket, and that's why I'm looking at a compact now. The extra features of NV11 I don't care (except ISO80 would be nice obviously). The NV11 size w/ the lens sticking out just doesn't make it as easy to carry around, like I'd need a bag, and if I do, then I won't carry the camera
I compared NV10 vs NV11 pic quality (100 ISO vs 80 ISO) and it's very close. The noise level at 100 looks acceptable. It reminds me of scanning some 200 ISO films with a nikon IV coolscan. It can be denoised w/o losing much sharpness (I wish the NV has a RAW mode, that would be even better).
Anyway, bottomline: excellent build quality and user interface, super compact, cheap, decent image quality when it comes to noise, a priori nice auto WB (+ very easy to setup a custom, which is a must since there's no RAW) and very good metering from what I read (very important since there's unfortunately no histogram).
Can't wait to get my hands on it now, fun time ahead!