Nikon has finally announced its much-rumored mirrorless camera range. The V1 and J1 will be the first two cameras to release, both producing 10.1 megapixel stills and 1080p video at 30fps. Whilst the J1 has a built-in flash and auto-noise reduction on video, the V1 supports an external flash, has a mechanical shutter, stereo microphone input, and a magnesium alloy chassis. A North American release date has been set for October 20 with both cameras coming bundled with a 10-30mm lens. Retail for the J1 will be $649.95 USD and $899.95 for the V1.