Described as a 'superb step-up or secondary camera', the Nikon 1 V3 is the first member of the 1 series to sport a tilt-screen touch monitor.
Equipped with an 18.4MP CMOS sensor and Nikon's Expeed 4A image processor, the Nikon 1 V3 eschews an optical low-pass filter to help improve image quality.
The 1 V3 also comes with Nikon's hybrid AF system, meaning it boasts 171 autofocus point, 105 of which are phase-detection points.
The Expeed 4A processor allows the camera to capture Raw and Jpeg images at lightning speeds. The Nikon 1 V3 can shoot at up to 20fps with continuous AF, and can fire off 40 Raw-format images at up to 60fps with fixed focus.
Also in the camera's arsenal is an ISO range of 160-12,800 and built-in Wi-fi.
The vari-angle 3in touchscreen has a resolution of 1037k dots. There are also a couple of programmable function buttons and a feature button that allows quick access to the main menu.
A number of extra accessories are available with the Nikon 1 V3. The GR-N1010 Grip provides the option for angled controls and a third programmable function button, and the new Nikon 1 DF-N1000 EVF offers near-100% frame coverage and 2359k-dot resolution.
Image: The Nikon 1 V3 with optional EVF attached
The Nikon 1 V3 will be available on April 17. Prices are £729.99 body-only, £799.99 with a 10-30mm 10-30mm f/3.5-5.6 PD-Zoom lens or £1049.99 with the zoom lens, EVF and Grip.