Designed for the creative consumer who seeks stunning images and HD video, the V2 incorporates a myriad of new features aimed at improving the shooting experience, including a new ergonomic grip for familiar handling, a built-in flash and the addition of a Command Mode Dial to provide easy access to features and controls.

ENGADGET: Nikon 1 V2 unveiled: 14.2 megapixel ILC shoots 15fps stills for $899.95 in November

The Smartphone will sport the usual PDA features, like an address book that takes up to 2, 000 entries, and will also come equipped with a built-in speakerphone and e-mail retrieval by voice command.

FORBES: Ten O'Clock Tech: More PDA Phones

Mr. Capus had publicly said as recently as April that the team in place at "Today" was the right one, but the show's executive producer, Jim Bell, and Mr. Burke, who have built a rapport since Mr. Burke came from his role as Mr. Robert's second-in-command at Comcast to lead NBCUniversal, favored a more aggressive approach, according to people familiar with the matter.

WSJ: NBC News Loses Edge in More Than Just 'Today' Show