I received some information that Nikon will be having a world-wide announcement this Thursday, September 19th (the official press release should be out around midnight tomorrow, Wednesday EST). The new product was described to me as a “Nikon 1 rugged camera”. This is most likely the previously rumored underwater camera that will be part of the Nikon 1 product line, but I am not sure yet if it will be marketed as “rugged” or “underwater” model.