The Nikon 1 lenses are fantastic. You will be amazed at how much more a 1 inch sensor can do over the P&S. I've printed (and sold) some 11x14's from the J3. You'll have much more data to work with in post. When I worked in post with smaller sensors like the Canon G12 (an excellent P&S), it felt like the image was falling apart. The only frustration I've had with Nikon 1 bodies is no ISO selection between 400 and 800. 800 on any smaller sensor is pushing it.