I've been wrong more then enough times, but I'd be surprised if the camera does not do video. But it would be nice if they put the money that was going into the video processing R&D into customer service.
The Sony Alpha 7R seems to have something that Nikon could imitate. I still think that these companies Nikon, Canon and Sony are talking between themselves and are just promoting their business while keeping us in the " I want more, I need more" mood.