"The 1 Nikkor VR 30-110mm is a compact tele zoom lens for the new Nikon 1 system. In terms of field of view it offers the equivalent of a 80-300mm lens on a full frame camera. It's available as part of camera kits, but can also be purchased separately for around 200 EUR/250 USD.
Like all zoom lenses introduced at system launch, the 1 Nikkor VR 30-110mm is a collapsible lens. This means it needs to extend an inner lens tube to be operational. Most of the lens' volume is used by the outer tube, the actual glass elements are a lot smaller in diameter than the size of the lens suggests. Nonetheless, the Nikkor is very compact, both in absolute terms as well as compared to lenses in other systems offering a similar focal range. It's actually the first lens that gives an impression of the size advantages that are possible due to the small sensor size Nikon chose for the system."