During our time experimenting with the J1 and V1's highest-speed capture mode we found that just as in normal still image shooting, when set to their high-speed modes they still prefer to set a shutter speed of 1/60sec and a relatively low ISO setting rather than faster shutter speeds at higher ISO settings.

On the other hand, the Nikon V1 has its share of frustrating idiosyncrasies starting with the user interface that forces you to dive into the menu to access functions as basic as exposure mode, ISO speeds and white balance.

From examining JPEGs from the J1 and V1 alongside raw files processed through Nikon's View NX2 software and Adobe Camera Raw it is clear that the cameras perform vignetting and fringing corrections in-camera, and View NX2 applies the same corrections to raw files.

Viewfinder is so much more convenient and V1 sports excellent EVF.

The Nikon V1 has a smooth, fluid and high-resolution electronic viewfinder with natural-looking colours, but a somewhat low magnification.

What i like on Fuji over Leica - build quality and finish is better on Fuji, viewfinder is great addition, for me size is better on Fuji ( never carried my Leica in my pockets) DOF - well, I like it more on X10 and pictures look phenomenal on both cams giving slight edge to Fuji which photos look more like from film times.

The J1's buffer is a little smaller than the V1's, allowing you to record 19, 13 and 12 frames respectively (JPEG, RAW, and JPEG+RAW) in a burst.

The measured noise graph shows that in-camera noise reduction also has an impact on the J1 and V1's raw files.

In 60fps the V1's buffer will allow it to capture up to 30 frames (J1: 24) and, unbelievably, it can continue to do this in Raw+JPEG mode.

The Nikon V1 has probably not the best IQ and some evident noise even at ISO100 and yet it is soooo much fun to take around.

We found that measured ISO from the V1 is roughly 1/3EV higher than indicated - so ISO 100 = ISO 125 (approx).

If you shoot in the default Auto ISO mode for example (which we suspect most point-and-shoot photographers will) you'll be disappointed by how many of your pictures seem blurry, thanks to the long shutter speeds the J1 and V1 insist on using in marginal light when they could increase the ISO instead.

I had an olympus E-Pl1 and the benefits of the Olympus over the V1 are: built-in sensor stabilization that will work with *any* lens, bult-in flash, excellent filter collection (black and white and pinhole are superb), a large collection of very high quality lenses, and a shallower depth of field to separate your subject fron the back ground.

Even if you compare it to pro SLR cameras with fast-focusing lenses, the Nikon 1 V1 comes out favourably, both in terms of sheer speed and accuracy (although in all fairness we should add that the generally larger depth of field also works in its favour, covering up any small focusing errors that would be evident in a shot taken with a full-frame camera and fast lens).

I have owned the Nikon V1 wide angle kit for some months now.