Yes, it does, IF their sensor maker is Sony.
1). Sony already has a strong foothold with the NEX system. The NEX7 is selling like wildfire, and the 5n is doing strong business too. Sony doesn't want to lose this advantage.
2). Nikon sees the success of the NEX system, the so called writing on the wall, and wants to jump into the mirrorless ICL camera game. They go to their old "partner" Sony and ask about using a Sony APS-C sensor in Nikon's new ICL camera.
3) Sony does not want to lose it's already established advantage in the ICL camera market. Sony tells nikon to look elsewhere.
4). Nikon still wants to jump into the ICL camera game. Logically they still want to put the largest sized sensor they can in their ICL camera. But they have no source for an APS-C (or even m4/3) sensor and can't afford to wait until they can make one on their own. They see how large they can scale up the sensors from their coolpix cameras, and this is what we get. A small sensor, 2.7 crop factor, low resolution offering.
This is a camera that is aimed at the intermediate market, but with a price that is too high for that market (
http://www.amazon.com/Nikon-10mm-10..._m=ATVPDKIKX0DER&pf_rd_r=114ECP9PFKPRSNS1X581 for the V1 and the 2 lens kit,
http://www.amazon.com/Nikon-J1-10-3..._m=ATVPDKIKX0DER&pf_rd_r=11K7MCS7M4C5YF32QCT4 for the J1 and the 10-30mm zoom). Personally, for less, if one wanting to stay "brand loyal", I'll get the coolpic p7100. Sure the sensor is smaller and it's a lower video resolution, but I get real pocketability, much better controls, a standard flash hotshoe, stereo sound (the 1 is mono :huh
and an articulating screen. Did mention it was less?