This was one of my initial reactions when they came out with the car. I figured since the VQ37 has been around for a while now, they would have done something different, at least enhancing power/fuel economy some.
I know it's the wrong direction that every other competitor is going, but I was hoping for availability/option of a small v8 pushing 400 with some decent torque (I think torque is one of the main downfalls of the VQ-albeit at lower rpms...so maybe my issue is with the torque curve specifically).
I'm sure they will go direct injection next and that will bump up the power and fuel economy, but that will really change the engine and my guess is it may not be as reliable as it has in the past. Direct injection is still fairly new and even newer to Nissan (correct me if I'm wrong), so I'm guessing they didn't want to launch a car with what's for them, an unproven technology.
I'm not super-familiar with Mercedes engines, as it seems like they only put ones with decent power in the very expensive models. It also seems any motor with decent power is extremely big (see c63amg), so I don't have high hopes for the partnership with Mercedes to produce a good performance oriented engine for the Q50. I imagine they will use Mercedes to satisfy the Diesel crowd when it comes to the Q and that may be it.