These two cameras are about equal and either one is a good choice.
The V1 has a few more features:
USB2, Hotshoe for external flash, TIFF, 2:3 format
If you do not need such features, then it is a tie.
Time to toss a coin.
Guys!! help me out!!! After extensive research I have shortlisted these 2 cameras. Which one do u recommend?