Nikon has announced the V1 enthusiast small sensor mirrorless camera. Built around what the company is calling a ‘CX’ format 10MP CMOS sensors, the cameras is part of the company’s new Nikon 1 line. The V1 is intended as the higher-end model in the lineup and features magnesium alloy construction and a 1.4M dot electronic viewfinder. It also has an accessory port allowing the connection of the SB-N5 mini speedlight or GP-N100 GPS unit. Unlike the J1, it can switch between mechanical and electronic shutter. In common with the J1, in can shoot 1080i60 or 1080p30 video and combines phase detection and contrast detection autofocus, in movie shooting or 10fps continuous bursts. The 1″ type sensor (13.2mm x 8.8mm) gives a 2.7x crop. The V1 kit with 10-30mm (27-81mm equiv.) lens will be $899.95 and will be available around October 20th. An adapter allowing the use of Nikon F-mount lenses will follow.