The two models of the Nikon mirrorless camera will be called Nikon V1 and Nikon J1
Both bodies will be identical, except that one will have a self timer LED on the top right and different colors for the lens release button.
Nikon V1 will have a built-in high resolution EVF. The Nikon J1 will not have an EVF .

•Cameras will have both phase and contrast AF detection
•10.1MP
•ISO range: 100-3200 (with H1-6400)
•CCD sensor (WTF? It'll be CMOS for sure.)
•Both cameras will have 2.7x crop factor
•3 in. LCD screen
•The J1 model will have a built-in flash
•The V1 will not have a built-in flash but it will have a multi-accessory port which will support external flash and a GPS device
•No traditional flash hot shoe on both models
•There will be a F-mount adapter
•Both cameras will probably be made of plastic
•Full HD movie with many additional features
•EXPEED 3 processor with 600 megapixels per second processing power

The four mirrorless lenses are:
•10mm f/2.8 pancake lens
•10-30mm f/3.5-5.6 VR lens (very short and portable)
•10-100mm f/4.5-5.6 VR
•30-110mm VR

The company will price the mirrorless camera plus lens at 70,000 yen-100,000 yen ($900-$1,300), which is on a par with rivals’ offerings

Read more on NikonRumors.com: http://nikonrumors.com/2011/09/09/nikon-v1-and-j1-the-new-mirrorless-cameras-from-nikon.aspx/#ixzz1XWGKwVah