Sony says the V3 is an update to the V1, but it is an entirely different camera.

I don't believe the V3 is in the hands of many people right now. So you will have to wait until they have a bigger distribution.

The V1 has been very popular. It is usually put in the same class as the Canon G5, Olympus 5060 and Nikon 5700. Its big advantage over those camera has been the lower price of the V1.

The V3 is likely to be 2 to 3 hundred dollars higher than the V1.

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