Seems to me it's squarely in the middle between point-n-shoot cameras and DSLR's. The comment I read somewhere was something like "meant for Facebook photographers who like to take photos but don't consider themselves photographers." Basically it is a point and shoot but you can use different lenses on it.
dpreview.com doesn't seem to have a whole lot on this camera yet. From what I understand the CX sensor is pretty small but the camera offers ISO up to 6400 which I would have thought would mean more noise since presumably the pixels will be very small and thus won't capture as much light as would bigger pixels (the FX sensor is the biggest, basically a 35mm equivalent, but unless you can find a D700 you're looking at $several-thousands
) .. but the pictures I've seen from the V1 seem pretty good to me, so I guess I know nothing in the end, as usual.
http://www.stevehuffphoto.com/2011/1...-the-nikon-v1/