prissilawikaq: Nikon unveils V1 and J1 mirrorless cameras: 10.1MP CMOS, 1080p video, ships in October for $650+ (video)

Rumors of a Nikon mirrorless camera have been floating around the web since the middle of last year, and recent leaks have made us wonder not if the company would release a compact ILC -- only when such an announcement would be made. Well, we finally have our answer. We journeyed to a secret location in midtown Manhattan tonight, with nary a peep from Nikon about what to expect until just before the clock struck midnight -- and only after more than two hours of laptop-free house arrest and live Counting Crows. Only the rumored mirrorless cam seemed worthy of such unusual precautions, so we were relieved to discover that Nikon had managed to justify this late night adventure. The company has finally announced not one, but a pair of compact "1 System" mirrorless cameras, and it seems totally fine with putting the focus speed up against the self-proclaimed champ. Head on past the break for more details!

Gallery: Nikon 1 System hands-on