OK, so this isn't exactly a side by side comparison but it'll help you understand why some people buy the bigger, more expensive lenses.
Here are two images shot as close to being the same as I could by hand holding it etc... one image with the Nikon 1 V1 with 30-110 4.5-5.6 1 series lens attached, the other with my ancient Nikon D200 with the 70-200 2.8 VR1 version lens.
I think both have great characteristics, I really see the "bokeh" come forward in the D200 image. Since the Nikon 1 lens doesn't have the 2.8 capability I think it makes it obvious which is which.
Having said that the Nikon 1, 1" sensor, stacks up quite nicely against the older APS-C sensor.
Both please me from a composition point of view and both have an equal opportunity to make it framed on the wall.