In looking at everything we know about the Nikon 1 and the comments from now literally thousands of Nikon users, it seems pretty clear: we need one more model: the Nikon 1 Z1.
Instead of hiding the the controls, the Z1 model exposes them a bit: PASM on the mode dial. Give us a front "dial." Make one of the buttons programmable or add a button that's programmable. Add the P7100's pivot screen. Improve the turn on time. Add (programmable) highlights and live histograms. Add 24 fps to the video. Create a new wireless controller flash unit, the SB-800N. Finally, put a grip on the thing. Voila: instant Z1.