Hi all,
As a former K5 owner, and a paddler, I have carried my cameras with me while paddling, where they by definition get wet, if not dunked (well, I dropped one, that expired rather hastily)! I used compacts then, carrying the camera(s) in a cotton pouch (made from a cut off corduroy trouser leg), on a strap round my neck. The fabric seem to have soaked up the water droplets, and no harm ever came to my cameras, which definitely were non-water-resistant. Tested the most used, a Konica, the other day, before discarding it (had to make room for other cameras). Still functional, and one of two batteries in working order! After at least a couple of months out in the rain and salt spray!
Roger, over at LensRentals, use to point out that no camera, nor lens, is truly water-proof, and some users of the AW1 have had problems with keeping the joint between the lenses and camera body 100% water-proof (diligent keeping the seals clean, and lubricated, is the trick, evidently)!
Have a friend living in Thailand, who, while out doing some BIF photography, accidentally slipped, and fell into a salinas (those ponds you use to produce salt, by letting the sea water evaporate), so the camera (a D7100, I think) and his precious 300/4 went underwater, in very, very, salty water. And he himself, of course!
He washed off the worst immediately, and then ASAP went to his camera guru in Bangkok, who did his best.
The lens was salvaged, the camera a total loss.
A lens can take a lot of abuse, a camera less so!
SO what am I'm getting at?!
I'd would opt for a V1, as it is cheap, and use the Nikon 1 lenses that have no moving parts (10, or the 18.5), or one of the really cheap zooms, leave them in unlocked position, and wrap them with some saran wrap, after having chosen a useable zoom position.
A cotton bag, like my trouser's leg, to carry the camera in, would probably be very helpful as well! Just keep it out of direct spray/rain, so that it can do its work!
One of those rain covers you can buy would be a helpful addition, I guess, but would hinder your manipulation of the buttons ;-(!
All the best,
Tord