Was against it, now I like it
I was definitely one of those who really objected to the Nikon 1 when it got announced, probably because I was hoping for something else, more X100-like.
Anyway, I got to handle both models at my local store and take some pictures. All I can tell you is: try it for yourself, handle it, take some pics, then see what you think. Me, I would buy one, the V1, simple as that - but you got to handle one yourself before jumping at my throat! One caveat: Nikon always has commended a premium over competition such as Olympus or Fuji, but I still think it's about $200-$300 over-priced.