Yesterday we did some bird photography, and the light was bad (very overcast), so the only problem with the V1 was that I felt forced to use the 50/1.4G AF-S (and the TF1) instead of the 30-110, which would have been more suitable. So the shot of the wife came out better than the birds - you can't win 'em all!
Hope Nikon really makes some speedier lenses for the J1/V1, SOON! Say a 200/2.8 ;-)!
All the best,
PS The wider the lens, the more useful is having lots of pixels and physically big sensors. If I ever get a MF, or FF, camera I'll be using it with a 20 (or around there).