I just checked prices over at site sponsor B&H Photo for the Nikon 1 V1, and this little camera can now be had for as little as $299 with a single lens, or $449 with a two-lens kit.
While the V1’s design is geared towards point and shoot users, I’ve really enjoyed this camera’s fast autofocus performance and excellent image quality. I’ve used it for family trips or any time using a DSLR would be impractical, and it’s delivered the goods every time.
The biggest challenge with any new camera is to understand its quirks, like the minimum shutter speed in various program modes. Once you know how the camera will behave, you’ll know how to set it up to capture the moment. Check out my Nikon 1 System Resource Page for more information on this camera and its accessories.