I recently got a V1 kit with the 10-30mm and 30-110mm lenses to have a light travel kit. We went on a one day trip to New York City Saturday, and I was very pleased with the V1. It was much lighter than carrying my D7000 and 16-85mm lens, and the photos I got will be just fine at 8x10 inch enlargements. I was thinking of getting an Oly OM D, but the $400 price of the V1 kit was just too good a deal, and I am glad I got it. I have a Canon S95 P&S, and while it is small, the lack of a viewfinder and the long shutter lag makes the V1 a better travel camera if I am not expecting to do really serious work. I agree with you that the V1 is a good travel choice.