Yes, there is. It's not a typo in the headline, it's a legitimate ability of the Nikon V1 camera. A forum user on EOSHD sent in a message with some very serious claims, and posted a video to back it up. After some testing, the video has been made public and how this was achieved has been shared. Check out the video to see just how good this footage is, and click on to learn how it was captured.
Javier Sobremazas took his Nikon V1, and by using the burst mode on it, was able to capture a 30 frame burst at 3,872 x 2,592. Put into a 24-frames-per-second timeline, and that's 1 second and 5 frames worth of footage. So, while not usable for applications, there is certainly an opportunity to get quick cutaways for montages at a very high resolution, and of course in a RAW format. The fact that this technology is inside of a $220 camera just gets me all giddy on the inside... I can't wait for RAW video capture to become more of an affordable and acceptable standard.
We've seen some super-slow-motion tech in smaller cameras before, usually at the expense of resolution and frame rate. This is the first time I can think of where 4K (at a quality bit rate) has been able to be captured RAW like this, in a system that is less than $300.
Head on over to EOSHD's article about the Nikon V1 for further explanation about the Aptina sensor technology that is present in the Nikon V1.