<p>Tonight Nikon is unveiling the latest edition of its 1 series of mirrorless cameras, the Nikon 1 V3. Compact yet powerful, it follows up on the V2 by packing an 18.4MP sensor, built-in WiFi, 1080/60p video capability and a new image processing chip. Standout features for pros and amateurs alike include the V1's ability to shoot stills continuously at up to 20fps with autofocus -- the fastest we've seen from an interchangeable lens cameras -- 720p slow motion video recording at up to 120fps and 171 "densely packed" focus points that Nikon claims give it better ability to track moving objects than DSLRs.</p><p>It also adds a touch-panel tilting 3-inch LCD and arrives alongside two new 1 NIKKOR lenses -- a 10-30mm f/3.5-5.6 PD-Zoom and 70-300mm f/4.5-5.6 are available for $300 and $1,000, respectively. Last year the falling prices of DSLRs reportedly had Nikon reconsidering their ILC lineup, but judging from the V1 the company is plowing full steam ahead. A full kit with camera, 10-30mm lens, viewfinder and grip will go on sale in April for $1,200 -- check Nikon's website for more details on specs and features or look after the break for a brief demo video.Nikon 1 V3See all photos</p><p>4 Photos</p><p>Comments Share</p><p><a href="http://www.engadget.com/2014/03/13/nikon-1-v3/">Keep reading...</a></p><p>Read also:</p><p><a href="http://www.theverge.com/2014/3/13/5503310/nikon-1-v3-announced-specs-price-release-date">Nikon swings for enthusiasts with $ 1199 V3 mirrorless camera</a> (The Verge)</p><p><a href="http://reviews.cnet.com/digital-cameras/nikon-1-v3-with/4505-6501_7-35872873.html">The V3, shown here with the new power-zoom 10-30mm lens</a> (CNET)</p><p><a href="http://gizmodo.com/nikon-1-v3-a-pricey-mirrorless-camera-that-acts-like-a-1542796175">Nikon 1 V3: A Pricey Mirrorless Camera That Acts Like a Point-and-Shoot</a> (Gizmodo)</p><p>Explore: <a href="http://news.google.com/news/more?ncl=dM1LIoxqCp9lGKMQdFAnP4TzKgzdM&authuser=0&ned=us">76 additional articles.</a></p>