The adaptor works with all my lenses apart from my 10.5mm AF DX, but I'm disappointed that it does not support continuous focus, and that the 10.5 has to be on manual focus only. It is robust and well made, and makes my V1 much more useful now I can put my full sized lenses on it.
Another down side is that because of the small sensor size, wide angle subjects are difficult when using the FT-1. There is no getting away from that fact, but the adaptor is not at fault.
To sum up, I think is is a good but expensive addition to my camera bag. I feel that a price of £120 to £140 would have been about right. As it is I feel slightly gouged by Nikon.