We're looking at a revamped but still tiny CX sensor, this time with the resolution bumped up to 14 megapixels (instead of 10) -- a move that likely won't do much for the camera's overall image quality or low light performance relative to APS-C or Micro Four Thirds shooters.
ENGADGET: Nikon 1 V2 mirrorless camera hands-on! (video) Hands-on