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Nikon J1

Price: $649

The Nikon J1 is compact, has interchangeable lenses and shoots high-definition video. The camera (and its more expensive cousin, the V1) shoots spectacular images — on-par or better than a Micro Four Thirds camera — and has a speed-shooting mode that's staggeringly fast. Hobbyists and people looking to step up from point-and-shoot cameras will be awestruck with the system, which is Nikon's first new camera line in nearly 50 years.

Photo: Nikon