Micgadget.com posted a nice behind-the-scenes tour of Nikon's 1 series factory near Shanghai, China. Apparently both the V1 and J1 are made in China, along with several Coolpix models.
Rob Galbraith has published one of the most complete and exhaustive reviews to date of Nikon's new "1" system, covering both the V1 and J1 models. His findings were quite positive indeed: "After a few weeks of shooting with Nikon 1 system gear, almost exclusively in my off-duty role as parent to two active boys, I've gone from being nonplussed about to singing the praises of Nikon's newest wares. At long last, my weekend carry-about camera has arrived and it's called the V1." Read the complete review here.