I usually don't feed the trolls, but how a camera with solid IQ, and blazing fast AF, and a huge buffer (capable of 12 fps with the J1 and 16 fps with the V1) a dead-end?
So Nikon with it's first try made a camera with a smaller sensor that is competitive with many larger sensor cameras like the EP3, and absolutely demolishes the competition when it comes to processing data, fps, PDAF on the sensor, etc.
The Nikon 1 sounds alive and well to me. Few will lose sleep over it over your dislike of the Nikon 1 and tons of people will continue to buy it. Nice try though.